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Politics : Idea Of The Day

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To: Nemer who wrote (14672)	11/17/1997 6:41:00 PM
From: MonsieurGonzo	Read Replies (2) of 50167

Nemer; RE:"ascertain the direction the market "wants" to move..." ...yes, exactly! I am very new to index trading, and afterwards, I felt as if I was trading against the trend. One reason, I think - was that my focus became way too narrow, as I was watching every tick on a real-time intra-day trading screen. Although I made several successful trading choices, identifying some turning points, the delta of the underlying index was not enough to cover much more than the BID/ASK spread of the OEX option. When I backed off, "zoomed out" from the charts so to speak, and took a longer term perspective on the movements, I realized then that I was trading against the trend. Lesson Learned (^_^) Tell me more about Ol Red Dog. -Steve

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