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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (1825)	7/31/1998 11:35:00 AM
From: SE	Read Replies (2) of 44573

I reversed as well. This trade is not based on my system, but on my gutt. It is an attempt at a position trade. I went long at 1139.80, put a 2 point stop in and a MIT sell at 1145.00. The sell part might be a touch high, should probably have used 1144.50, but that is OK. I am watching it. Looks like the range is 40 to 45 unless something big happens. Think I will go watch the grass grow for a bit..... EDIT - after typing that I went and changed my stop to 39.30 and my MIT to 44.50. REEDIT - And yet another fine example of why I should not try to position trade. I was up a couple of points at one point and ended up getting stopped out. I should take the damn profits when presented....even if I get ticked later cause it moves another 5 points in my direction.

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