MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (3701)	7/6/2000 12:25:03 AM
From: Joseph Stratmann	Read Replies (3) of 19219

JT, Im still here :) Been a rough weekend as our dog blew out her knee (only 2yr old golden retriever). I too have been whipsawed...terribly. I shorted TLCM intra-day just today but was long on Monday's short trading today closing 1/2 the positions late this morning (was at the vet). What can you make of this repeating Nasdaq pattern of an up day followed by a down day and so on? This is getting ridiculous :) The S&P 500 model I have mentioned previous is still long. Just to give you a tad more insight into it (Its still work in progress as Im still new to this). The model stats are as follows (Actually I have 2 models and this is the data on just one): * It's based on S&P 500 Futures contracts (which I will not do so Im just paper trading for now) *Each 1 point move is $250 as true for S&P contracts Total # of Trades YTD : 28 Winning Trades : 22 Losing Trades : 6 Percent Winners : 78.57% Highest Trade : 24,402 Lowest Trade : -7,570 Max Drawdown : -38,872 <--- ugh that's very ugly Model Profit YTD : 158,027 The model is still long - you can see from the number of trades it isn't exactly in and out too often. That max drawdown really really bothers me :) Again it is based on the S&P500 and Im just now learning how to do Options (scared of them frankly so maybe that'll keep me from doing something stupid) - let alone doing Futures contracts. I've thought of doing the trades via AMEX:SPY but just cant bring myself to it. Now, as an Option neophyte I'd like to ask you something. How do you find out the liquidity of a specific Options contract? Take for example a Sept 170 Call on Verisign. 1- When I place my order will it take forever to fill or go rather quickly as the stock moves pretty fast? Verisign typically gets a good amount of volume 2- Is there a way to quantify this volume (ie the Option's volume - duh). Im using QCharts and it doesnt seem to be able to display that Option contract's volume. 3- Any beginner advice you could offer? Thanks again Joe

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