TRADING TIPS

Program Signal Questions

Hubert Senters here. So in this week’s video series, we’ve been talking about program trading. I’m going to list a few questions that I know some people ask. Number one is only for futures. It’s designed for futures but you can do market proxy stocks because a lot of people day trade stocks if you learn how to look at futures. They usually lead this stock market so. If you’ve got a market proxy instrument you’ll know if you do it or not like if the futures market goes up and then your stock goes up you’re trading the market proxy stock. If the futures market has go down obviously your market proxy will go down. Now, if it’s the component of the Dow or the Nasdaq that’s important. So you can use it for that type of stuff. And then do all program buy and sell signals work? No. They don’t all work. Some are better than others. Obviously this one this morning fired off right here. It was a better buy signal than this one was a better buy signal. This one right here actually popped out the market. But it’s not always like that. Usually the cut off for me is around 11:30. They work really good for about 9:30 to 11:30 then I won’t look at them doldrums from like 11:30 to 2:00 or 2:30. You can still look at them. You can still trade them if you think they’re effective. But for me this week’s spot for me is from 9:30 to 11:30. Now, sometimes you will get a buy signal and it will almost pop out the market. You could if you work quicker. And if you could have still made money right there not much because it have to be a quick scalp and you don’t have some follow through. On this one, this was a better things to come. Nice little quick trade you could’ve scalped it and held on a little bit longer term and maybe not against stopped out. On this one you’re going to have to take your profit fairly quickly. If you get past at 11:30 just know that a follow through as less likely you might have to be quicker on the trigger. So that is the situation. Good luck. Hope it helps. See you on the next video. Hubert.

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