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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Bull RidaH who wrote (34924)10/1/1999 4:07:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
OK David -- my trades for today; hope that I have got all of this right

Bought 3 at 93.25
Bought 5 at 86.50
Sold 3 at 85.50
Sold 2 at 86
Sold 5 at 93

As of the close I will be short a net of 5 contracts.

Not exactly the greatest of days but it could have been worse.

For anyone who is interested -- the first long trade was a position trade based on a signal that came yesterday at a higher price than my entry at 8 this morning.

The second and third trades -- both sells -- were position trades when the system reversed.

The trade to go flat on a stop was a day trade that was triggered at the 83 level--was wary of the signal so I decided instead to just use a stop. Under the day trading system I would usually exit if I got 10 points out of it -- so the sale at 93 was based on the long day trade that should have been taken at 83.

So that leaves me net short 5 contracts on the position trade.

Scott's trades:

Bought 5 at 93.25
Sold 5 at 87
Sold 5 at 89

As of the close still short 5

Average price for the longs 93.25
Average price for the shorts 88

These trades were based on his system that he has made available to me so that I can enter his trades.

At this rate, by the time Pat gets back he should be in the lead just by not trading

Have a good evening everyone
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