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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (14548)2/2/1999 10:03:00 PM
From: robert b furman   of 44573
 
Hi GZ,

Wow EEEPPPIIIYYY WWWOOOHHHAAAYYY !!!!!

Now that I got that over, perhaps I can make an informed decision.You know in confusion lies opportunity ,so today I tried to sell off some stock that had held unbelievably well ( 2 0f 3 adex and cohu).I was going to use this as a chance to average down.My other stock got clobbered ( down 2 1/2 ) early on asyt. All of a sudden it's down 4 and my other strong dogs are falling out of bed because I'm lookin to cash em in ,and buy them back at a lower price with less maintenance expense.

Well, it turned out a little like Carl Hittle calls it - A molten lead enema.I am envisioning Bobby Beara and carl shorting the world, with nothin belt frayed velcro floating down thru the air (vlg).

Dual Pattern /Paporazzi is going" I read this wave 5 to have ended 2 trading days ago" and Holy Gordo this turnaround already happened and I've slept since then (VBG)

Yes it was lonely for a position trader in stocks today!!!

I'm thinking those S&P's are very volatile and extremely leveraged - but you know what- a sell stop does actually happen if you place it below where it trades! right? Today was mental masturbation if you were looking for an exit with a large position - until this p.m.. when the ticks miraculously became positive.

I'm not trying to cash in my chips ,but portfolio repositioning into the stocks that resist the decline, is always a good goal.Low and behold it ocurred at the last moment and the day actually had some value( I think ).

Sure did appreciate the post in the mid afternoon - Thanks.

Leverage ,stop losses, less commissions - I'm beginning to see the light.Now if I could just quit my daytime job.Oh well position stock traders need a goal too.

Trying to keep a balance, on an otherwise impossible trade day from the world of stocks. I'm once again more fully intrigued by the vehicle you all utilize to skin a cat. hehehehe

Thanks for the lesson and support.

Bob
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