Comments on: See the UMT Simple Plan Recorded Webinar http://www.umttrading.com/2008/05/29/see-the-umt-simple-plan-live-friday/ Watch Live Forex, Future and Stock Trading Results Using the UMT Sat, 28 Nov 2009 21:14:41 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Roberto Cendejas http://www.umttrading.com/2008/05/29/see-the-umt-simple-plan-live-friday/comment-page-1/#comment-193 Roberto Cendejas Wed, 18 Jun 2008 12:10:08 +0000 http://netpicks.wordpress.com/?p=95#comment-193 The results posted: I have a question. When you post results you show (1x+) what does that mean and how can we interpret your results. Is is total points on a trade or based on multiple contracts? I am curios what results would have yielded with 1 lot trading. NetPicks Reply: The 1x level is either used to raise stops to break-even OR it is used to take off part of the trade and raise the balance to break-even. It depends on whether you're trading single positions or a market where you are either trading multiple contracts or markets where it's easy to scale in/out (stocks, forex, etc..) -- if you only trade a single contract on futures that's fine as well - we exit typically at the 2x level. Thanks. The results posted: I have a question. When you post results you show (1x+) what does that mean and how can we interpret your results. Is is total points on a trade or based on multiple contracts? I am curios what results would have yielded with 1 lot trading.

NetPicks Reply: The 1x level is either used to raise stops to break-even OR it is used to take off part of the trade and raise the balance to break-even. It depends on whether you’re trading single positions or a market where you are either trading multiple contracts or markets where it’s easy to scale in/out (stocks, forex, etc..) — if you only trade a single contract on futures that’s fine as well – we exit typically at the 2x level. Thanks.

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