DayTrading the OEX Message Board

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Strategies & Market Trends : DayTrading the OEX

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To: Dr. Atir Fadhli who wrote (76)	6/9/1998 4:42:00 PM
From: HoodBuilder	Read Replies (2) of 94

I would be interested in your system as well. I've been trading a system for over 90 days that averages about 2 points minimum (scalp) per day if executed properly. Buying slightly in the money OEX's you can easily generate $1,000 to $2,000 per day on a $10,000 option investment (10 contracts * $10/) Sometimes you need to hold overnight but I try and limit my stops to $1.25 below the fill. After finding this system I am totally winding down my long stock and LEAP portfolio and concentrating on generating cash until we either correct violently or trade above 9500 with conviction. The beauty of the recent market action is the trading range. If you happen to get caught on the wrong side of a trade and are willing to hang in you'll probably be OK in 48 hours. Although this violates my stop loss rule of $1.25, the "search and destoy" missions recently have been running the stops and I've been tempted to increase my loss tolerance to $2.00 to avoid this. BTW the system is actually a service available by email and has been unbelievable.

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