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Glory Trades by Light-on-Trading offers ETF trades in major market indices and sectors, such as IWM, QQQQ, SPY, XHB (housing), and XLF (financials). We may occasionally trade GDX (gold miners), IYT (transportation) or other ETFs. Trades are both "long" and "short", "with trend" and "countertrend," based on technical analysis, with mechanical entries and stops. This system is suitable for leveraged products such as QLD/QID, options and futures. We expect to have two or three ETF positions open at any one time. There will also be periods when we are in cash - this is not an "always in" system.

The system generates signals at the end of the trading day, for entry the next day, usually at a specific Limit or Stop Limit price. When our system generates a Buy or Sell signal, we will post a Pending Trade Alert on the Collective2 private Glory Trades Forum (usually by 7 a.m. ET, but no later than 9 a.m., for that day's trading), and give members a suggested entry (or exit) order. We will also send all members the Pending Trade Alert using the Collective2 alert system. We will then watch the market during the regular session to make our trades, and members will receive another alert from Collective2 when we actually enter and exit our trades. Therefore, our actual entry/exit may be different from our suggested entry or exit.


Summary: Three Ways to Trade


There are three ways to take our trades. (1) Members may sign up for auto-trading. (2) For the benefit of those who cannot watch the market during the entire trading day, we will post a Pending Trade Alert on the Collective2 private Glory Trades Forum prior to the start of the regular trading session, when our system generates a new Buy or Sell signal. We will give members a suggested "buy" or "sell" point for the next trading session. We will also send all members the Pending Trade Alert using the Collective2 alert system. Members may then enter their orders with their brokers, and let the market take them in (or out) of their trades. (3) For those who can make manual trades during the day, wait until you receive an alert from Collective2 that we have entered or closed a trade, and then act accordingly.

Since we are experienced daytraders, we will generally be watching the market intra-day and may take an entry (or exit) that is different from the suggested one. Those who can follow the market intra-day can therefore benefit from our daytrading experience by following our exact trades through the Collective2 real-time trade alerts.


Sample pending trade alert that we will post on the private forum prior to the open: "Alert: We are buying QQQQ at 42.50 Limit Order. This is a counter-trend trade: The trend is down."
We tell members when we feel the trade is against the trend, or with the trend, because some conservative* traders may wish to take only "with trend" trades.

We have established a public support board for Glory Trades here: http://investorshub.advfn.com/boards/board.aspx?board_id=18208 You may post general questions about trading or our trading methods on that board. Since that board is public, please do not reveal our current positions or pending trade alerts in your posts there. If you have a question about a current position, or a pending trade alert, please either e-mail us or use the private Collective2 Glory Trades Forum.

* All active trading is risky, and the designation of some trades as more conservative than others is not meant to imply that those trades are not risky.