| F.A.Q.’s |
HOW ARE YOUR ALERTS DELIVERED?Our reports are delivered directly to an email inbox designated by you, daily. Also, our most recent trades are available by logging into your member's area. Are alerts are delivered intraday. Our alerts are delivered intraday, so if you do not want to be tied to a computer, you can check out our autotrade providers. HOW MUCH DOES YOUR SERVICE COST? Our service is $69 a month, for all of our alerts. You can cancel anytime through your member's area if you are not completely satisfied with your profits. WHAT TYPE OF PAYMENT DO YOU ACCEPT?We accept payment through verified Paypal accounts. WHAT SYMBOLS DOES YOUR SYSTEM TRADE?We generate trades for SPY and QQQQ, the S&P 500 index fund and NASDAQ-100 index fund, respectively. WHY SPY AND QQQQ?We believe in keeping things simple. SPY and QQQQ are both very liquid, with an enormous number of trades daily. Our customers will always be able to fill their orders close to our recommended price, and they can be traded from almost any brokerage account. They are simple to understand, with no complicated options strategies, expiration dates, or leverage. HOW ARE YOUR TRADES GENERATED?Our trades our generated by a series of neural networks and computer models maintained by live traders. Silicon Trading's models are capable of recognizing patterns in series of data, in order to predict a likely future direction for that data. Our systems are very capable and robust, but they are by no means a magic bullet. You will still need to apply sensible money management rules and the discipline to stick with trades. If you consistently take profits early or refuse to sell losing positions hoping they go back up, you will not have the same results as other customers will. HOW OFTEN WILL I RECEIVE TRADE ALERTS?You will receive an average of 5-6 trades per month. Some of our trades are held longer than others, so some months you will receive more trades than others. We concentrate on identifying quality trades, not sending as many trades as possible. Our alerts are delivered intraday. If you do not want to be tied to a computer, you can check out our autotrade providers. DO YOU USE STOP-LOSSES AND TAKE PROFIT ORDERS?No, we do not. Our systems are highly adaptive, and determine the best exit point based upon current market conditions, not a predetermined level. Sometimes we will hold a winning position for a long time to allow profits to build, or close a trade relatively quickly when the market is going the other direction. HOW MUCH MONEY SHOULD I HAVE IN MY ACCOUNT IN ORDER TO TRADE YOUR ALERTS? This is determined by your broker. It is vitally important that you have a large enough account to absorb some drawdown. It is fundamentally unsafe to make use of too much leverage or to trade with too large a percentage of your account. We want to make sure that all of our customers are making use of sensible money management rules and not putting their accounts in jeopardy by abusing leverage. We have two open positions at a time, so make sure that you take this into account when allocating money for trading. WHAT IF I HAVE ANOTHER QUESTION?We want to provide every advantage that we can to help smaller traders get ahead. If you have any questions not covered here, or if you have a suggestion for our company, feel free to send us an email through the 'Contact Us' page. |