No Profit Booking.Hype of performance during webinars, Bad onboarding. Autotrading is mainly for entry of trades or rolling over at maturity. No intermediate review and exits when very decent gains are presented in the market.I joined the Spy Trading, Equity portfolio management and Futures trading/ ratio trading/ Letter of direction trading. Spy was non starte for me as there were no trades for 2 to 3 weeks and I obtained refund. Ratio trading offered for the first time. These programs have Bubba as the trader. Many Futures traders were served with margin calls in the first or second week and this caused panick among subscribers. This was revealed by Target Trading guys to me . When my equity portfolio management account had over 50 % gains (17 k gains)in the first 3 trading days no exits were made. Bubba /Target trading waited till friday when the profits were given back along with another 3k or so of my capital . So I gained 17 k in 3 days and gave back 20k to the market in the next 3 days. In fact my account value fell down to 24k at one point and slightly recovered afterwards. Based on the experience I exited the trades manually when they showed some recovery as I did not want to trust them with making right calls at the right times.The risky s thing is that Bubba does both Calls and Put Credit Spreads simultaneouslys. This looks really good on the face of it. However If the market goes the other way then your calls lose value and credit spreads must be purchased at 3 times the money they brought to the account. So the risks are not evident and can quickly wipe out an account in 2 or 3 bad weeks of trading.When I asked them why they did not book profits , i was dismissed with the response that stop whining and start making profits.Really ? The week end recording said that when market has back to back gains one should expect losses subsequently ,and losses are perfectly normal. Good wisdom! Why did it not dawn on him when there are outsized gains on the table just for closing the trades? So auto trading is just an auto entry of trades in the trading platform. Did not see much of a trade monitoring, risk management, profit booking.The program will make you money if the market goes up week after week after week. If any reversals happen during the week or market does not move as expected then you have good chance of losing your account in a matter of weeks as trades do not appear to be well managed.
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