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

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To: Patrick Slevin who wrote (37287)	10/21/1999 11:18:00 AM
From: Nemer	Read Replies (1) of 44573

Take off for a bit and find leventhousand posts to catch up on ..... Among other things, I have been burning some midnight oil trying to make some sense of this spooz trade dealie to which one of my trader buds has subscribed ..... it is a strange proposition .... he isn't to even tell me who sponsored him ..... hmmmmmm.... the "prospective client" must fill out an application about three pages long ... sign a whole bunch of holdharmless stuff .... looks loaded on the company side for fairness (how bout that for unusual) ... membership must be sponsored into the group by a current member .... newbies can't submit "prospective clients" for three to six months (depends on something or other, can't recall what).... NO sharing in realtime ..... and a whole lot more ..... I laughed when he told me about it ..... especially when he revealed the membership fee is $5k per month ...... BUT I've examined the results .... AND it could be worth it ..... hahahaha >>>>>>> mech system handled by the "company" who emails/phones/faxes the buy or sell to the client .... he says that there is some thought being given to having a broker with discretionary powers to make the mech trades .... strange and scary yet weirdly appealing when results are taken into consideration ...... anyway ... it is Globex/reg mkt trading with full point only (no fractions) 24hr per day mech dealie .... here are Sept til current trades .... short 1342 flat 1337 long 1349 flat 1364 short 1355 flat 1363 short 1357 flat 1358 long 1366 flat 1366 short 1363 flat 1340 long 1350 flat 1344 short 1341 flat 1304 short 1296 flat 1292 short 1291 flat 1289 short 1290 flat 1290 long 1292 flat 1306 long 1319 flat 1328 long 1332 flat 1340 short 1334 flat 1267 long 1280 This has resulted in 3 losing trades (from 1 to 8 points) 2 flat trades 10 winning trades (from 2 to 67 points) One thing that my bud was told that it normally takes about a 2-3 point move to cover the vig as the normal month generates 5-15 trades .... has me talking to myself ....... LOL I did call this morning and found that he was still long from 1280 ....

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