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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (44763)6/4/1998 12:43:00 PM
From: Tom Trader  Read Replies (1) of 58727
 
>>For example if you sensed that your system may have been gearing up for a sell signal yesterday you might have taken the precaution of
flattening your long position somewhat ahead of time....meanwhile hedging yourself by putting in a buy-stop above the market in case your intuition was faulty. By so doing, you put yourself back in the trade at a small loss if the market proved your system correct and if your intuition was correct you saved yourself some losses<<

Well, I'll try it out -- just paper trading, at this point and see how well developed my "sixth sense" is -- what you stated is certainly logical. For example, yesterday, I could have placed a stop to go back long if the continuation signal got hit. The essence of it is to know when one would re-enter the trade. For example, it would be logical to go flat the futures at 1075+ -- not sure where I'd go short again -- so I'd really need both pieces in place to know how to proceed.

I do appreciate your input.
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