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

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To: Brian Hornby who wrote (28511)	7/22/1999 10:07:00 PM
From: SE	Read Replies (1) of 44573

Sorry Brian. In the beginning I even noted to Hal that the proper way to trade the mini was the way you were trading! I still believe that, but I also think stops are a necessity, even if they are wide stops. Heck in the beginning, after I had my week long drought, you were leading the contest with one trade. That represents to me the ability to carefully pick entry points and not overtrade. It represented real patience and the correct way to do it from a positional standpoint. This contest is giving me a lot of thoughts about how to properly trade and perhaps I will summarize my observations at the end just in case some of them might help others..... I think we have to re-test the lows, but I have this market as a buy at 62.50 or thereabouts. I think we bounce from here. I think new highs are not in the cards, but maybe 1400, 1410. We shall see..... It was fun, and quite frankly instructive, at least for me. Thanks for being a part of it. One week and one day to go. Who's next? LOL! -Scott PS - Maybe we should start odds on who is going to win? I see Chip threw out the challenge today that he is going to catch me....well, only if I blow up! :) It could happen........anything can.

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