Monday, June 20, 2011

Third's day results and Compliance Review of Promotional Material

Third day results were great again, both of our trades were green.


6/20/11 9:30SELL800AMD6.966/20 15:556.87Low$56
6/20/11 9:32BUY80QCOM52.536/20 15:5553.39Low$67


Today orders were executes in time.

We received a "Compliance Review of Promotional Material" private message from C2 - this after having the description under review a while ago. Maybe they have two types of review. Now I am not sure what the first review was all about, but if there are still pending issues probably C2 should have not approved the description in the first place.

Anyway, not a big deal. The review was "The Long Description Text you submitted for the system Project Athena cannot be approved. Because we are members of the NFA and are regulated by the CFTC, text posted on our site needs to meet certain standards" then "Your text contains numerical performance claims. Due to NFA Regulation 2-29, no claim about *actual* performance can be included. Your system performance statistics on this Web site will need to speak for themselves." All fair.

Also we have noticed a button on the left of each trade, that lets you quickly file a ticket if the trade was not executed at the right price. Our first trades were executed at the right price but 15 minutes later losing about $100, so we filed two tickets.

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