Why do my results look different from yours?

A: I can’t answer this question with any accuracy – and it would probably warrant a call from the Securities and Exchange Commission if I tried. It could be your broker, your online trading platform, your Internet Service Provider, your email client, or just plain luck. Suffice it to say, each of you is going to have slightly different results. If we get into a trade at $1.00, some of you will get in at $1.05, while some of you get in at $0.95. That’s just how the markets work.

How do you calculate results?

At Money Map Press, we paper trade every recommendation. Our research team has no prior knowledge of our recommendations and receives the email alerts the same way our readers do. Our researchers open the trade when the “buy” alert comes, and they close the trade down automatically when our trailing stop hits. Everything is done in real time to mimic the results of the typical reader.

How much money can I make?

This is entirely up to you. Being a Night Trader is all about freedom – the freedom to make the money that you want and live the life you deserve.

What happens if I miss a trade?

Don’t worry. As a Night Trader, you’ll usually be able to catch a new trade the very next day.

What do I do if I miss an email?

If you miss an alert, the first thing you’ll want to do is check the alert archives on the website to see if the trade is still open and trading below my “buy up to” price. Next, make sure Money Map Press emails are whitelisted. You can learn how to do that here. And finally, make sure you sign up for Night Trader text alerts. You’ll get a text message sent to your phone when there’s a new alert. Sign up for text alerts here.

How much money should I allocate for each trade?

This is up to you. I can’t know your risk tolerances, how much money you have in your trading account, and other considerations. However, a good rule of thumb is that you should never have more than 2% of your overall capital in a single investment. And keep in mind that I’m going to be sending you new Night Trader recommendations almost every day, so you won’t want too much of your capital tied up in any one recommendation.

Do I have to take every trade you send?

While I don’t want you to miss a single opportunity, you do NOT have to execute every trade I send.

What level options clearance will I need?

At most brokers, you’ll need a simple Level 2 options clearance for any Night Options we buy. That will allow you to buy call and put options on stocks, ETFs, and indices.

How do I get my account set up to trade options?

Obtaining options clearance from your broker is easy, and should take no more than a few minutes. All that’s required is a bit more information about your finances, as well as your level of knowledge and why you want to trade options. Don’t worry – inexperience won’t disqualify you. For more on how to obtain clearance from your broker, click here .

An option is a contract that represents control over 100 shares of stock (“the underlying”). A call option gives the holder the right (but not the obligation) to buy shares of the underlying at an agreed-upon price. If you think the price of a stock is going to go up, you would buy call options that give you the right to buy the stock at a lower price than it’s currently trading. A put option gives the holder the right (but not the obligation) to sell shares of the underlying at an agreed upon price. If you think the price of a stock is going to go down, you would buy put options that give you the right to sell the stock at a higher price than it’s currently trading. For more information on options and how to trade them, check out my guide “Everything You Need to Know About Trading Options.”

How long will we be in each trade?

Each trade will be different and independent, so you may be in these trades for 24 hours, days, weeks, or even months. It all depends upon how long their prices rise. This isn’t about a length of time. It’s about the potential for profit. That said, you can expect to be in straight stocks for longer than short-term option trades.

Why do we use such tight trailing stops?

We use tight trailing stops for two reasons: First, they help protect our initial capital from catastrophic loss. Second, as our positions increase in value, the tight trailing stops allow us to preserve our profits, as the trailing stop “trails” the stock price by, say, 5%. So if we lose 5% at any time, we’re out.

What is a trailing stop?

A trailing stop is an order to your broker to sell a stock automatically if its price falls to a predetermined percentage below its highest value since the stock was purchased. Trailing stops are one of the best tools for investment risk management – check out my guide to order types for more information.

How do I enter conditional orders with my broker?

For step-by-step instructions on how to enter a conditional order, check out my guide, How to Place a Night Trade .

Can I use a simple market order to place Night Trades?

No. I cannot stress this enough: Using market orders to place your Night Trades could wind up losing you a lot of money. Here’s why: First, we need to confirm that the trend identified by my technical analysis will continue. A market order doesn’t do that. If you place a market order after hours, it will automatically fill at the open, no matter the price – and there’s no telling what can happen in thin after-hours trading. If a stock gaps down 2% at the open, then the uptrend of the previous five days isn’t likely to continue. What’s more, after such a strong uptrend, the stock could be ready to “give back the gains.” If so, it could drop 5% or 10% very quickly as it reverts to the mean. Using a simple market order will not allow you to protect your capital with the tight trailing stops we prescribe. I’ll say it again: Do not use market orders to place your Night Trades .

Why do we use conditional orders?

We use conditional orders for a few reasons: They make our trades “automatic.” If our conditions are met, we’re in the trade. If not, we move on, no need to constantly monitor the markets. We’re targeting stocks that are already on the move – and we want to make sure they stay that way. So we want to confirm on the open that the trend will continue. If it doesn’t, we don’t put any of our capital at risk.

What are conditional orders?

An investor places a conditional order on a stock that will be submitted or canceled if set criteria are met, which are defined by the investor and received by the broker. We use conditional orders when we buy a straight stock. Those instructions will look like this: Action to Take: Using a conditional OTA order: Set a Limit (a.k.a. Limit-Price) Order to buy Stitch Fix Inc. (NASDAQ: SFIX) at $26.25 or less, good-’til-canceled. Initiate a 5% trailing stop on your position, good-’til-canceled. Our conditional orders are also known as OTA (“One Triggers Another”) or OTO (“One Triggers One”). Once the initial condition is met, our order is placed, and our trailing stop order is immediately triggered. Note: While we refer to the conditional order as a “Stop Market order,” some brokers will call it a “Stop on Quote.”

What types of trades can I expect from Night Trader?

At Night Trader , we target simple – yet incredibly lucrative – stock and option trades that meet certain requirements. These simple trades involve straight stock picks, long calls, and long puts, depending on where the stock is heading according to my technical analysis. If our conditions aren’t met, we don’t make the trade. We move on to the next one.

Whom do I contact if I have questions or need help?

A: If you have any questions or concerns, please don’t hesitate to contact our VIP Customer Service team at 888-384-8339 or 443-353-4519 . You can also send us an email . Now they can’t give you any personal or financial advice… But they are there to help you get the most from your membership.

How can I update my contact information?

A: If you have any questions or comments about the portfolio or your subscription, then please contact our Member Concierge Service representatives. Hours Between 8 a.m. and 5 p.m. Eastern, Monday through Friday. Phone (Toll-free) 888-384-8339 Phone (International) 443-353-4519 Email Contact us and let us know how we can help .

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