Daytrading Q & A

Bulletin Signals - Answers

Bulletin Signals Answers (cont)

15) That password you gave me doesn't work, please help.
The most common problem is a free trial user attempting to use the wrong entry. Go to the Real-Time Signals page and try again, but be sure to use the second button entitled "Free Trial Entry" and you should have no trouble.

If you still cannot gain entry, send a message and we will check and correct whatever is causing the problem. We will extend your free trial if an error caused your password or user name to be inaccurate.

16) How do I know whether I have an Entry, Exit, or Management Signal?
The "Type Bulletin Signal" issued is shown in uppercase large type at the top of the Signals page.

17) Should there be a ? at the end of the url on the Signals page? When the page is updated the ? appears and remains.
The browser uses ? and $ and % to keep track of variables, arguments and ASCII characters. It is harmless; the page will work properly with or without it, but will append it as soon as it refreshes the page.

18) I don't understand the Holding Period?
Holding Period is our estimation of the duration of a particular trade. So 30/60 would mean we estimate the trade to last 30 to 60 minutes. This is just an estimation and is never etched in stone.

19) Can you please give me a more detailed explanation of what "stop hard" means.
Stop hard means that the stop given on the Entry or Management Signal (our stop) should be used, rather than one you choose.

20) On the Current Performance Chart, what do the blue, green and red lines mean?
These are moving averages. A color legend is below the chart and explained above in Bulletin Signals Question 13.

21) If I trade single-lot sets, how do I know when to take my profits?
When to take profits on a single-lot trade set is problematical. The Real-Time Signals are not optimized for trading single-lots, but if you do, our suggestion is to take your profit when we issue our first Exit Bulletin, covering the original Entry Bulletin, unless it is a breakout day.

22) I do not understand what is meant by Buy three December S&P at 970.10 stop. Would you please explain?
If you have a chance, please read through The Guide. It fully explains how the Bulletin Real-Time Signals work and what each component is for.

Buy three December S&P at 970.10 stop means:

You will call your broker (or use electronic order submission) to enter an order. Your broker expects to hear your order in this manner:

1. State whether you're a buyer or seller:

Buy

2. State how many contracts:

3

3. Which contract you want:

December S&P

4. What price to enter your order:

970.10

5. If it is a Stop:

Stop (Your Buy is actually a Stop).

You would have already put on an order to sell at a lower price, and if price moves against you to this level (970.10), your stop will take you out of the trade.

In other words, if you place an order to sell at 960.10 (if price goes down you'll make money), and put a Stop Order to Buy at 970.10 (offsetting your sell position), then if the trade moves against you, you will limit the amount you will lose.

In the futures markets there is no guarantee your stop order will be filled, so you must always understand it is possible to lose much more, but stops are a good way to help manage losses.

Use our Order Placement Worksheet to keep track of your orders.

23) Can your system be used to trade Spyders (with margin) as opposed to futures, and if so, what account size would be required to match a 30,000 futures account?
Yes, Spyders can be traded with out Real-Time Signals. Spyders are marked at 10% of the S&P index value. It is just a matter of how many Spyders you would want to carry, but a $10,000 account would be more than adequate.

24) Will your bulletin signals work in the background on my computer behind Signal Online and Metastock, or should I run your program on a second computer (I have a backup computer and a second Internet connection)?
If you already have a second computer and Internet connection by all means, use two computers. We use two: one for Metastock Pro with Signal (via cable) and the other for the Real-Time Signals, collecting e-mail and any other Internet business we want to carry out.

It can be done with one computer, but you'd then want a good powerful system (300 MHz or better) with plenty of RAM memory (64 - 128 kb) and good video. A very good system can now be had for $1,300 so there is no reason to skimp on good equipment.

25) I have an online audio program playing during market hours. Will this prohibit me from getting an audio alert of your signals? If so, is there another alert method?
When we tried out a Squawk box, we couldn't hear the Signal alarms. We do now have an alternate method for sending signals, see Color Flash below (No. 27).

We presently use a sound to alert a trader to a Real-Time Trade Signal because the actual signal screen can be minimized so the trader can put attention on the charting software. One thing we do though, is run multiple machines. Computers are relatively inexpensive now, so this may be a viable option.

26) I thought I was putting the right user and password but it is not accepted?

The most likely cause for being denied access is trying to use the doorway for subscribers, rather than the one for the free trialers. There is no difference in what is behind the doors, just a different path to follow because of the different data bases used for entry ;-) Make sure you are using the second button entitled "Free Trial Entry." Also, on the Current Performance page http://www.daytradersbulletin.com/miva/archives/curperf.mv make sure you use the third category, entitled "Free Trialers."

27) What if I don't have a sound card, or can't hear the signal sound?

Good News! There is a new option called "Color Flash" which means rather than a sound playing, the background color of the Signal's page will flash a few times when a new signal is sent. This method is very effective in alerting you, without the need for a sound card.

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