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

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To: Patrick Slevin who wrote (2453)	8/25/1998 3:59:00 PM
From: Tom Trader	Read Replies (2) of 44573

>>Funny about Tom's system. It came back like that last one did---trading at 88 now.<< Yep it is rather amazing!! In actual fact, when I was developing the model the system worked best without any money management stop in terms of the results it produced. But not to have any stop no matter how much a trade went against me, was neither prudent nor palatable. So I had to use a money management stop, lest the worst happened. In any event, if I had let it ride, I'd have been down as much as 35 points from where I went short based on today's high. And talking about being apprehensive, I'd probably be going nuts if I were still in the trade with that sort of a loss per contract. I guess I should be thankful for small mercies--it came just several points from my buy point -- and if it had been hit and I went long and the market then reversed, I'd have been holding another big loser. I see that the market has come back some in the past few minutes Talk to you guys tomorrow

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