Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (18846)	12/28/2002 5:39:04 PM
From: Jorj X Mckie	Read Replies (1) of 57110

ok, so...PACBELL sucks!!! Just needed to get that out. I closed most of my short positions yesterday and closed my GFI long. I kept a partial position of CREE short. I also added a QQQ long position that is twice the size of the CREE short. My exits were not optimal as I losing my network connections in little pieces yesterday. First lost all browser connections, then lost my charts (esignal isn't browser based) and then lost my trading server connection. I have a trading rule that I exit short term trades when I lose my tools. I try for optimal exits when I can and when I saw the trin pop over 3.0, that was close enough for gov't work for me. Oral and I were talking on IM yesterday morning and as the trin kept rising through the 2s, I mentioned that I thought we were going to hit 3.0 during the day and that is where I would exit. I'm not looking for much of a rally and wouldn't be surprised if we kept on heading down.

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