Am I the only one dismayed by the lack of
notification, again, of the GDX switch during market hours?
I neither received notification by SMS or Email.
Is there some explanation?
Posted by stevedfw on 19th of Dec 2010 at 03:50 pm
With Matt and the system are at the mercy of stockcharts.com's
scans, I think it would be a good idea to see the
statistics based on taking the position at the open the next day
after the signal. The system use to be that way but there
have been several other changes since then. It would be great
to see the data with new changes but using the following day's
opening price.
I think would give us a better idea of the system if the
glitches continue and we can make a better informed decision to
trade the system or not.
I paid extra for the SMS service just so I could receive alerts
on the GDX system. I did not receive an SMS alert for the last two
GDX system signals. For the last one, I had just left work and had
my computer turned off, so I was not receiving emails. BPT should
let me know if they are not going to provide SMS alerts for the GDX
system so I can drop that extra expense.
isn't it possible that the gdx scan an hour before the close
didn't show a change because there wasn't one????? thus it is
possible the basis for change occurred in the last hour or even in
the last few minutes. as for taking this trade blindly, or
being concerned you missed it, just wait for a bit on Monday
and you should be able to enter your trade at a better price than
the closing GDX price. as for me, I waited a couple of days
on the august trade and got 2+% better entry. it was worth the
wait. with the 60 minute chart oversold on gdx, I think I will give
it some time for a better entry. what is the worst that can
happen... I miss this one, so what... experienced traders have
patience, without that... you become road kill.
Posted by frtaylor on 19th of Dec 2010 at 06:08 pm
A few weeks ago I did an analysis. I compared to see if
you entered only the trades that retraced 1% or 2%, and the results
were that you did not do as well. This makes sense, since some of
the retraces wound up being stop outs - the trade was headed in the
wrong direction. And the few trades that did not retrace were
headed in the
rightdirection and did very well, so you miss out on those
by waiting for a better price that does not materialize.
Posted by hillsyde on 18th of Dec 2010 at 05:04 pm
Soloff....... It looks like you are going to need a LITTLE
more experience before You trade real money..... THERE ARE NO
GUARANTEES........ If you are hovering around
waiting for the killer signal and not doing your own homework...
you will be road kill.... you want signals?
go to the other sites and loose your money there... You want good
technical analysis and discipline? stay here and
learn...... Seriously, I wish you only success and all the
best.... Remember, there is a reason why 95% of all traders go down
in flames..................................
hillsyde - all well and good - but to be fair, the GDX system is
supposed to be giving objective signals. That's the whole
point of a system. And many here are looking forward to the
SPY system. So nothing wrong with being at BPT and wanting
those kinds of objective signals.
Posted by hillsyde on 18th of Dec 2010 at 06:20 pm
Michael you are sounding very reasonable.......
UNFORTUNATELY ......There ain't nothing FAIR about this game .....
Kill of be killed .... if anyone thinks other wise.....
ROAD KILL..................... In this business exception is the
RULE..... Data services go down.... Trading platforms
crash... Internet freezes...... Bitching about it doesn't change
the reality ................. THEY are doing everything to
shove your trading where the sun don't shine....... It really
is all a great conspiracy to steal your money.. thus 95%
lose................. Matt and Steve are trying very hard to smooth
out the speed bumps BUT, the bump are still
there............. U gotta get over the small change stuff and
focus on the important stuff... THERE IS A 50/50 CHANCE YOU WILL
GET A BETTER PRICE ON MONDAY..... IT IS ALL A GAME OF
PROBABILITY ... not Certainty.... When everybody gets that
.. there will be smiles all around Tchau for now
soloff - it was explained in the newsletter, I said that my scan
didn't give me a change in the BPGDM until after the market closed
on Friday, normally I get it well before the close but on Friday it
did not, I ran the scan an hr before the close and there was no
change. I have no control over Stockcharts scans!
And yes it was sent out VIA email to everyone about 1.5 hrs
after the close! The exchanges were open for another 1.5 - 2.5 hrs
as they close either 7 - 8 EST. If you didn't get it the
email, then I suggest changing your email address in the system to
a new email, maybe your email is flagging our emails as spam.
If Stockcharts is not reliable then maybe you
should consider adding another market service.
Or perhaps you should tighten your scan to less
than one hour before the close when we are obviously very close to
a position change.
I don’t think that most people consider
extended hours trading to be normal market hours.
Perhaps you should be clear about some of these
limitations and caveats on your statement of the system and when
you market it.
All you have to do is look at the website over the last year to
see that we are always striving for improvement and
development.
- Much improved Blog with auto refresh
- Blog with pop out alarms for watchlist and trade ideas
- Newsletters with Live Chart Links
- Dividends Section
- Long Term Section
- GDX system
the list goes on and on. The GDX system is still being
developed and I of course have those things in mind, improvements
for data and reliablity etc.
However that said, BPT costs $1.30 a day for a 6 month
membership and considering what our competitors do and the prices
they charge and the % of our personal life that we put into this
site, I think we do a good job.
Is BPT perfect, hell no, but we do the best that we can and we
always add improvements, and I would put our work ethic and time
spent against any of our competitors.
Soloff - Matt explained and apologized and discussed how to deal
with it. Why belabor it? The great thing about this site is that
Matt and Steve are so human and accessible........sometimes things
are not perfect. No other site comes close to this for what they
offer and human accessibility........ Let Matt be human.
GDX System, No notification
Posted by soloff on 18th of Dec 2010 at 02:22 pm
<!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} -->
Am I the only one dismayed by the lack of notification, again, of the GDX switch during market hours? I neither received notification by SMS or Email. Is there some explanation?
With Matt and the system
Posted by stevedfw on 19th of Dec 2010 at 03:50 pm
With Matt and the system are at the mercy of stockcharts.com's scans, I think it would be a good idea to see the statistics based on taking the position at the open the next day after the signal. The system use to be that way but there have been several other changes since then. It would be great to see the data with new changes but using the following day's opening price.
I think would give us a better idea of the system if the glitches continue and we can make a better informed decision to trade the system or not.
I paid extra for the
Posted by chuckw on 18th of Dec 2010 at 09:52 pm
I paid extra for the SMS service just so I could receive alerts on the GDX system. I did not receive an SMS alert for the last two GDX system signals. For the last one, I had just left work and had my computer turned off, so I was not receiving emails. BPT should let me know if they are not going to provide SMS alerts for the GDX system so I can drop that extra expense.
gdx system - what if....
Posted by hazbin1 on 19th of Dec 2010 at 02:33 pm
isn't it possible that the gdx scan an hour before the close didn't show a change because there wasn't one????? thus it is possible the basis for change occurred in the last hour or even in the last few minutes. as for taking this trade blindly, or being concerned you missed it, just wait for a bit on Monday and you should be able to enter your trade at a better price than the closing GDX price. as for me, I waited a couple of days on the august trade and got 2+% better entry. it was worth the wait. with the 60 minute chart oversold on gdx, I think I will give it some time for a better entry. what is the worst that can happen... I miss this one, so what... experienced traders have patience, without that... you become road kill.
A few weeks ago I
Posted by frtaylor on 19th of Dec 2010 at 06:08 pm
A few weeks ago I did an analysis. I compared to see if you entered only the trades that retraced 1% or 2%, and the results were that you did not do as well. This makes sense, since some of the retraces wound up being stop outs - the trade was headed in the wrong direction. And the few trades that did not retrace were headed in the rightdirection and did very well, so you miss out on those by waiting for a better price that does not materialize.
Are we starting to get the picture..... ????
Posted by hillsyde on 18th of Dec 2010 at 05:04 pm
Soloff....... It looks like you are going to need a LITTLE more experience before You trade real money..... THERE ARE NO GUARANTEES........ If you are hovering around waiting for the killer signal and not doing your own homework... you will be road kill.... you want signals? go to the other sites and loose your money there... You want good technical analysis and discipline? stay here and learn...... Seriously, I wish you only success and all the best.... Remember, there is a reason why 95% of all traders go down in flames..................................
hillsyde - all well and
Posted by Michael on 18th of Dec 2010 at 05:29 pm
hillsyde - all well and good - but to be fair, the GDX system is supposed to be giving objective signals. That's the whole point of a system. And many here are looking forward to the SPY system. So nothing wrong with being at BPT and wanting those kinds of objective signals.
Well and good is OK But..........
Posted by hillsyde on 18th of Dec 2010 at 06:20 pm
Michael you are sounding very reasonable....... UNFORTUNATELY ......There ain't nothing FAIR about this game ..... Kill of be killed .... if anyone thinks other wise..... ROAD KILL..................... In this business exception is the RULE..... Data services go down.... Trading platforms crash... Internet freezes...... Bitching about it doesn't change the reality ................. THEY are doing everything to shove your trading where the sun don't shine....... It really is all a great conspiracy to steal your money.. thus 95% lose................. Matt and Steve are trying very hard to smooth out the speed bumps BUT, the bump are still there............. U gotta get over the small change stuff and focus on the important stuff... THERE IS A 50/50 CHANCE YOU WILL GET A BETTER PRICE ON MONDAY..... IT IS ALL A GAME OF PROBABILITY ... not Certainty.... When everybody gets that .. there will be smiles all around Tchau for now
soloff - it was explained
Posted by matt on 18th of Dec 2010 at 02:27 pm
soloff - it was explained in the newsletter, I said that my scan didn't give me a change in the BPGDM until after the market closed on Friday, normally I get it well before the close but on Friday it did not, I ran the scan an hr before the close and there was no change. I have no control over Stockcharts scans!
And yes it was sent out VIA email to everyone about 1.5 hrs after the close! The exchanges were open for another 1.5 - 2.5 hrs as they close either 7 - 8 EST. If you didn't get it the email, then I suggest changing your email address in the system to a new email, maybe your email is flagging our emails as spam.
http://breakpointtrades.com/controls/preview.php?la_id=1110
As I said, I still think there is a good possibility to short GDX at higher prices. I personally didn't take the short myself.
GDX System
Posted by soloff on 18th of Dec 2010 at 03:04 pm
<!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} -->
Matt,
If Stockcharts is not reliable then maybe you should consider adding another market service. Or perhaps you should tighten your scan to less than one hour before the close when we are obviously very close to a position change.
I don’t think that most people consider extended hours trading to be normal market hours. Perhaps you should be clear about some of these limitations and caveats on your statement of the system and when you market it.
All you have to do
Posted by matt on 18th of Dec 2010 at 04:48 pm
All you have to do is look at the website over the last year to see that we are always striving for improvement and development.
- Much improved Blog with auto refresh
- Blog with pop out alarms for watchlist and trade ideas
- Newsletters with Live Chart Links
- Dividends Section
- Long Term Section
- GDX system
the list goes on and on. The GDX system is still being developed and I of course have those things in mind, improvements for data and reliablity etc.
However that said, BPT costs $1.30 a day for a 6 month membership and considering what our competitors do and the prices they charge and the % of our personal life that we put into this site, I think we do a good job.
Is BPT perfect, hell no, but we do the best that we can and we always add improvements, and I would put our work ethic and time spent against any of our competitors.
Soloff - Matt explained and
Posted by Michael on 18th of Dec 2010 at 03:27 pm
Soloff - Matt explained and apologized and discussed how to deal with it. Why belabor it? The great thing about this site is that Matt and Steve are so human and accessible........sometimes things are not perfect. No other site comes close to this for what they offer and human accessibility........ Let Matt be human.
Amen Michael
Posted by 8899 on 18th of Dec 2010 at 03:43 pm
Amen Michael