Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Kevin Stull who wrote (639)	8/21/1997 6:57:00 PM
From: sepku	of 7396

>>>Are you out today<<< Actually, today I stayed in until 3:30...which is very late for me. I try to start liquidating by 2:30 to make sure I don't get pressured to sell any positions. After a few passes already, I tried one last trade at 2:30 with PAIR -- I was hoping for a rally near the end of the day. I entered with 2000@25 3/4...and then it dipped to 25 5/8 and stayed there pretty much for the next hour. I was feeling the heat, so I exited at my next opportunity for break-even, which incidentally was the last time it hit as high as 25 3/4. Immediately following was a sell-off for the last 30 min of trading. That was too close. I'm expecting profit-taking on this one tomorrow (assuming no news), and needed to be 100% cash anyways. So all I lost on the trade was $40 round-trip commissions. No biggie. My only loss. Style Pts.

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