UMT “Simple Plan” Webinar Recording Online!

16 06 2008

Thanks to all those who attended the Kick-Off Webinar earlier this afternoon! We covered some great material and hope we answered all those countless questions.

And if you missed our live web-event, don’t despair… just click on the link below and catch yourself up with the recording.

http://www.netpicks.com/webinar.html

Congrats to those who managed snag our Special Offer! See, we told you it was going to be good =)

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2 responses

16 06 2008
John Webb

Questions from today’s webinar…The method does not trigger any additional entries after the directional indicator crossovers, it that correct?
How long should you wait for a trade to fill?
Is it more conservative or not for a 1 lot trader to wait for the second entry?
Your response, please. Thank you.

NetPicks Reply: John, there are the potential for what we call “Continuation” trades after the initial Simple Plan entry. Those can occur after hitting targets or a break-even and are well defined for you. As for waiting on a trade to fill — until it’s filled or we get a cancellation indication which is when our directional enters the trend lines again. That’s in the training video for you. As for the last question, arguably a one lot trader would wait for the second entry set-up – most cases that’s probably the case – you’ll likely want to review that market to be sure when you pull the chart up but would say in more cases than not that would be yes. Thanks.

19 06 2008
Shannon

I posted some ?s on the live webinar comments instead of this one …could you please answer them on this comment page so I do not have to type all of them again….it said I would not get a response on that comment page.

NetPicks Reply: Sure, I’ll post them for you here with your questions:

Just watched the recorded webinar and have a few questions.

1.when a trade sets up wounldn’t it be easier and possably more profitable to use trailing stops instead of a stop loss so you would get the most out of the positive movement,either way they both stop out ,but the trailing stop would stop out with more profits…correct?

NetPicks Reply: Trailing stops can be great and those strategies can be deployed. What happens though with trailing stops is people struggle with the subjectivity of trailing that stop and having something that is dependable to lock in the gains yet give your trade room to breathe. The indicators can do a nice job guiding you on that but the way we have our stair step stops moved up is similar to a trailing stop but it doesn’t require you to constantly monitor and move tick by tick.

2.Does the calculator show the #s automatically when the directional line moves through the trend lines or is that done manually?

NetPicks Reply: When our classic cross of the Directional through the Trendlines happens and sets up it shows them automatically.

3.can you expplain how to get the 2 free month trial with tradestation,which I think is a great offer for skeptics so they can try the system.

NetPicks Reply: We have a deal with them worked out so whenever you want to try that let us know and there’s a special link you follow that gives you those two months free.

4.mark said something towards the end of the webinar about trading the forex….Instead of trading full lots maybe try trading mini or micro lots….would the simple plan work just as well and what are the requirements for accounts with something like that if someone didn’t have alot of capitol but wanted to build it up using that strategy with the simple plan….what would you suggest for something like that.

NetPicks Reply: If you are limited on capital in forex you really must use the minis or even micros — obviously micros your trades even when successful won’t add up to much but the minis for sure. It is important, make that critical that you don’t use too much margin in forex even if though your broker will let you.

5.and lastly,I traded the sp emini and noticed my orders not getting filled right away or not at all,but you said the dow eminis get filled much faster and more often.is that correct?

NetPicks Reply: Yes, that is typically correct. There are less contracts on each side of the bid ask, plus it trades in more ticks per session (like the Russell e-mini) — if they ever move the S&P emini to 0.10 ticks that would really help that though there’s really no mention of that. At any rate, that does help typically having less waiting time. It doesn’t guarantee you’ll always fill at your limit order but it usually comes quicker when you do.

Thank you…..and the plan looks great,just have some questions before I jump on board.

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