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Strategies & Market Trends : Tech Stock Options

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To: Jenna who wrote (49836)	8/14/1998 9:31:00 AM
From: Nemer	Read Replies (1) of 58727

Jenna : Scott sent me to answer your question - ------->Just wondering if there were any system beside the regular channel trading systems for determining exit points. I daytrade the OEX (smaller spreads) ATM or ITM puts and calls based on my forecasts from SPX figures. I used to base my figs on OEX but when it split the spread became too large and I shifted to SPX base ----- now the spread there is too large and I reverted to the OEX ..... ggg My system is geared for 2 1/2 to 3 point or larger swings in the SPX and I get on average about 3 signals per day. I normally set my target at time of inception and if the market is moving very fast in the direction of my purchase, I'll exit half position at target and rest the stop to close to that exit point .... This works for me ..... it could well not work for someone else because it takes close attention to the particular position the entire time it is open. So, basically in response to you ----- I set a target at the open of the position and exit at target .... Hope this answers your question, some..... Market is just opening , so I'll quit now....... gggggg Regards ----- OldBeanNemer

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