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Strategies & Market Trends : trading the QQQ
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To: bernard rogers who wrote (548)6/21/2002 1:36:46 PM
From: bernard rogers  Read Replies (1) of 714
 
I feel a strong need to start committing
myself to the market. That need messed
up my day trading big time today

So, I think the best and safest way
to do so would be to sell the SPY short
and to buy the QQQ

I have put on a spread of 500 SPY's short
and 1500 QQQ's long

I think it will hold up well in a weak market
and out perfom in a strong market

I will carry the spread until i have a $250 loss
and will add to it based on profit

I will report the daily profit and loss
with my day trading total

Today's day trading total will be adjusted based
on the close of the spread today
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