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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Patrick Slevin who wrote (9408)	2/4/2006 7:30:39 AM
From: GROUND ZERO™	Read Replies (1) of 12411

Excellent question, but I do have a specific exit strategy... the exit strategy for each trade is carefully planned out prior to entering into any trade, this is an absolute must and the very first rule of successful trading... but, if we had violent swings, I wouldn't be too concerned, since no matter which way the violent swing moves, one or the other option will make up for the difference in the gain of the counter option... my protective stops move lower each day until I finally get stopped out of the trade, either above or below where I entered the position... the exit strategy is part of the entry strategy... you can't have one without the other or you're going to loss your butt very quickly... but to answer your question, for Monday, I would have to see the market trade above 1287.00, not likely, and this stop is moving lower rapidly... I expect this trade to be profitable... GZ

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