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Tactical Trader FAQ

What should I expect from the Tactical Trader service?

Expect us to:

• Hold positions in well-known, liquid stocks and options for an average 45 days.


• Tap into the ChangeWave Alliance intelligence network to find these names.


• Not interrupt your day. You can easily follow the service with our weekly e-mail and post-market alerts.


• Send out alerts only after market closes. (A fraction of a point here or there makes little difference with the Tactical Trader).


• Profile each stock we recommend and explain exactly why we like it, where we see it heading in the next 45 days and why.


• Primarily go long -- though there will be some short selling.


• Make it easy for beginning traders to get in the game right away.


• Help you learn about trading, have fun doing it, and make some profits along the way, too.

How long will these trades continue?
We expect to hold our recommendations from three weeks to three months in order to give them time to reach their maximum potential. Longer-term investors might also want to add a ChangeWave Investing subscription to get even more stock recommendations.

How do I trade options?
We will provide you with the language to use with your broker when making an options trade. If you want to know more about options trading, the learning center of the CBOE site at www.cboe.com/LearnCenter is a great place to start. The self-guided tutorial there will walk you through the basics of options trading.

What type of options do you recommend?
We only recommend puts and calls and won't attempt any complicated strategies. Every trade will be clearly spelled out in the Tactical Trader weekly update.

I learned about this week's trade on Friday, should I buy it?
We recommend purchasing each trade at the market open on Wednesday morning, which gives us the easiest way to provide guidance for Tactical Trader subscribers. We don't recommend buying the trade several days or weeks after the recommendation is made. The best part about Tactical Trader is that if you miss this week's trade, you know that another one will be coming with the next edition of the Tactical Trader weekly update.

Where do I send e-mails with questions?
Send all inquiries about ChangeWave Tactical Trader to tacticaltrader@changewave.com.

Can I get an instant response to my inquiries?
In a word, no, we are unable to respond to your questions instantly. We can't possibly answer every question that comes to us. We will try to answer questions within 24 to 48 hours or sooner during days the market is open. Questions sent over the weekend will be answered in the following week.