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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (28686)11/18/1997 10:43:00 AM
From: MtnMan  Read Replies (1) of 58727
 
Hi Tom-

>>>>>The system that I use to trade the S&P futures goes flat when I have a profit of 40 points -- just the way the system works---the precise point to go flat ie whether it should be 40 points or 35 or 50, is a function of where the futures are at. In other words, if the futures were trading at 500 or 1000, the profit that I would seek before I go flat would go down or up accordingly.<<<<<

So you don't just let your position run and raise a trailing stop? Or you do that also and go flat when you have reached your % profit target? Kind of like selling options positions once they've doubled (ala Bernie Schaffer). Thanks for your insightful posts, thinking about making you my guru... ;-) -Neal
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