Archives -> BPT Mechanical Systems Alert Trade confirmed and important notice

BPT Mechanical Systems Alert Trade confirmed and important notice

This is an alert about BPT Mechanical Systems:

IMPORTANT!! The SPY QE 3.2 trade exit confirmed, however it's NOT exiting today! This system instead exited on the next morning at the OPEN!  So tomorrow on the open it will exit.  Clearly a crap shoot, price will gap up for better prices or could gap down and give up some gains. There's two systems that do this, I always seem to forget about this LOL

A few options you could consider if you have been long this trade the whole time since late March:

1. Exit tomorrow exactly follow the system

2. Exit today instead

3. Split the difference: exit 50% today, and 50% tomorrow morning on the open

Matt

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