"Signal Life" is defined as
the time span (number of days) within which a trade has to
be initiated. If an option's price does not reach the "Suggested
Entry Price" or trade above it within this period of time, the
signal is cancelled.
We provide our members with
the signal life parameter, because each day an option loses part
of its (time) value as it gets closer to expiration.
The signal life parameter also
prevents you from opening a trade if the market doesn't move
according to our signal.
Question: An option a trader follows hit
your "Suggested Entry Price", but did not yet open a trade and
now the price has moved up. Should a trader wait for another signal or
should I still open a trade?
It all depends on the risk
tolerance and personal trading style. A trader may wait for our next
signal or decide to open a trade at the current market price ". In
any case, we do not recommend opening a trade once the current
market price exceeds our "Suggested Entry Price".
Important: A signal that does not lead to the
initiation of a trade is always cancelled. (see “signal life”. A
review of changing market situations may prompt us issue a new
trading signal along with a new "Suggested Entry Price". A new
signal will always cancel out a previous signal.
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