Rock.
I see you're w/M-Traders. The same thing occurred to me after pouring over their daily recaps. Out of the 30-40 calls/day they make, it seems most trades go into the green at least that much at some point in time. A lot of them. But many not much more than that. Also, even w/their new one point stops, they aren't stopped out very often. So, I thought, why not buy everything they call, sell everything in the green by .25. Repeat 30 or 40 times.
However, here's the problem I have...maybe you can help me solve it. Often, you can't get filled at their price. hey get in. Then they post thier buy alert, but the price has moved away by .10-.20. So, subtracting this slippage from their daily recap puts a strain on the strategy. Now, they must get into the green by about .45 for the strategy to work.
Another thing, have you noticed a lot of their calls go sour RIGHT away. For instance, they'll make a buy call when the market seems to right at the top and turning down. Their trade goes red immediately as it follows NDX or COMP down, and low and behold your holding a loser right off the bat hoping your "they're always in the green by .25 at some point do don't worry" theory proves to be true. And it's not much fun shorting as per their call as everything else is running up. Kindaturnsyourgutinaknot.
Is this how you play them? Do you buy everything w/o question, hang on till the .25 profit, then out. How do you account for the slippage in price?
I've lost a little confidence in them because of these seeemingly uncertain calls. I find myself second guessing them, taking only a third of their calls, and cursing a lot. I quit for these reasons. Why do i need them if I'm making all the trade decisions anyway.
How are you making money with them?
tradeRX
