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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Jay Baca who wrote (17663)3/4/1999 6:16:00 PM
From: SE  Read Replies (2) of 44573
 
Jay,

I have no idea what the report will do and won't trade until after it and the signals from the market give me an indication of which way I need to trade.

I am sorry you have had a tough couple of weeks. Believe me I am there with you.

If you really need a winner, I suggest your review your trades from the last couple of weeks and try to figure out why they went against you. Was it bad entries? Was it holding a loser too long? Was it something else....

You don't have to place a trade, you realize. I have been flat the SPOOs for a couple weeks now as I need to get my head back with the SPOO program. Prior to that I was spanked. I have made some good paper calls (NO, not the OJ paper trade either!) and am about ready to give them another go, but am being cautious with the trades. It has to be the right thing at the right time. Being flat is a position as well and don't get fooled into thinking you have to be in the market. All you miss is opportunity, the market will still be moving when you come back.

Make sure you are entering any trade on good solid reasons and have an exit plan in place.

I have no holy grail, heck if I did, you think I would still be working? :)

Good Luck.

Maybe someone else will have sounder advice than I can offer.

-Scott
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