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Strategies & Market Trends : S&P Index Futures (Daytrading SP)

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To: VALUESPEC who wrote (27)12/10/1997 11:13:00 AM
From: ratan lal   of 350
 
Value

<< I shorted the market yesterday near the close @ 977.80 dec s&p contract. >>

How many contracts?
What did you use to decide that the market would be down today?
Did you put any stops? If not, arent you paranoid that the market will move away from you.

Yesterday i bought 10 at 975 and got out at 976. Boy am I gald I did. But then I always go flat before teh end of the day. Never go into overnight because I am never sure what news is going to affect the market.

Thsi morning I went long at 975 again. Biting bullets right now. May get out at 974 or better. Waiting for TEchs to point the way. Seems benign right now.

Lets stay in touch. I trade daily

ratan
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