The answer to your question (and many others) can be found by
clicking on "SPY SWING SYSTEM" on the left-side menu, then
"FAQ" (The FAQ section is a must read)
Q:How will I be notified of when the System issues
Trades/Signals?
A: All subscribers to this system will be
notified via email as well as SMS text message (if you have this
service set up for your cell phone) to check the Professional Level
SPY Swing System portion of the BreakpointTrades.com website.
The system trades/signals will be placed on the "Current
Trade" tab within that portion of the website. The system
signals
WILL NOTbe emailed or sent via
SMS text.
Posted by philosoraptor on 30th of Apr 2011 at 06:00 am
Jim, also be aware that the first scale-in on the multi-entry
system is the very same signal for the single entry system.
So, when the first new trade signal is published after a period
of being in cash/flat, a decision has to be made:
- single entry system followers trade this new signal with 100%
of their desired capital allocation (and then do nothing further
for the rest of the trade other than wait for the exit signal).
- multi-entry system followers, on the other hand, trade 40% of
their capital allocation to this new signal and then wait for the
next scale-in signal(s) (which may or may not materialise depending
on price action).
Perfect! Thank you! I DID read all the FAQ'S, and all the other
tabs about the system. Unless I missed it, I did not see the
single/multi system entry signals explained in this way. Maybe it
was obvious........I'm just a mechanic LOL
How will we choose what
Posted by Jim on 29th of Apr 2011 at 10:56 pm
How will we choose what signals we get? What I mean is, how will we decide which signals we want sent to us? Single, or multi entry system?
The answer to your question
Posted by yojimbo on 29th of Apr 2011 at 11:20 pm
The answer to your question (and many others) can be found by clicking on "SPY SWING SYSTEM" on the left-side menu, then "FAQ" (The FAQ section is a must read)
Q:How will I be notified of when the System issues Trades/Signals?
A: All subscribers to this system will be notified via email as well as SMS text message (if you have this service set up for your cell phone) to check the Professional Level SPY Swing System portion of the BreakpointTrades.com website. The system trades/signals will be placed on the "Current Trade" tab within that portion of the website. The system signals WILL NOT be emailed or sent via SMS text.
Jim, also be aware that
Posted by philosoraptor on 30th of Apr 2011 at 06:00 am
Jim, also be aware that the first scale-in on the multi-entry system is the very same signal for the single entry system.
So, when the first new trade signal is published after a period of being in cash/flat, a decision has to be made:
- single entry system followers trade this new signal with 100% of their desired capital allocation (and then do nothing further for the rest of the trade other than wait for the exit signal).
- multi-entry system followers, on the other hand, trade 40% of their capital allocation to this new signal and then wait for the next scale-in signal(s) (which may or may not materialise depending on price action).
Also, the exit will be the same for both systems.
Perfect! Thank you! I DID
Posted by Jim on 30th of Apr 2011 at 09:02 am
Perfect! Thank you! I DID read all the FAQ'S, and all the other tabs about the system. Unless I missed it, I did not see the single/multi system entry signals explained in this way. Maybe it was obvious........I'm just a mechanic LOL
Well then, now that you
Posted by philosoraptor on 30th of Apr 2011 at 12:25 pm
Well then, now that you know the rules, trading a mechanical system should be a breeze...