This is an alert about BPT Mechanical Systems:

Hello and good morning, hope you had a great Easter Weekend!

In the weekend newsletter on on the trading community I let the website know that one of the mean reversion systems took a 1st entry short on Good Friday morning (futures were trading but the cash market was closed), therefore clearly the trade alert was not emailed out. 

As futures are higher, I'm issuing the alert now for a 1/2 position size i.e. -1 MESM26 futures contract.  Should we close higher today I may issue the 2nd contract.

As I stated on the weekend and if you've been taking the mean reversion systems trades, we still have open long positions on both SPY and MES futures, despite about 50% of them closing out last week. 

So how would you take a short on an MESM26 futures contract if you are still long several contracts from the RSI oversold system or RSI 40?  Two options:

1. you could short the Sept contract MESU26. 

2. you could simply sell one of your open MESM26 contracts, so for example if you are long 5 MESM26 contracts from the RSI Oversold system , you could sell one of them and be long net 4 until this short closes out or the RSI oversold system closes out. Basically treating it like a math formula where you add positive and negative numbers. 

Matt

There is no guarantee past performance will be indicative or future results. No assurance can be given that the recommendations of Breakpointtrades.com will be profitable or will not be subject to losses. All Clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by Breakpointtrades.com. The hypothetical results on this website are based on the assumption that the client buy and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.