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

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To: Tom Trader who wrote (41066)	4/18/2000 11:47:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

Fits in with what a friend told me about losing three of his largest accounts. I still have to remember to ask about how consistently successful people generally use margin. I do not use it in the equity markets myself....at least I have not in some years anyway. Guess I should rely on my systems as more of a filter. They are all Long except for one that's been Short from around 1496. I've been scalping all morning from the Sell side and picking up nickels. Just Sold again, took a point on one and holding a second....even my size is adjusted down because it's not what I expected. Now I expect the High to be around now, or during the next hour, perhaps the 42 level and then down. I guess those people fell into the "Bulletproof" category, they had become so used to the Buy the Dip pattern that it blinded them to all else. Hmm, looks like I can place a profitable Stop on the other contract, see you later. I'm getting to the point where I'd rather complete my taxes than trade this.....I'm on extension.

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