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

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To: Patrick Slevin who wrote (3907)	9/11/1998 8:01:00 AM
From: Tom Trader	Read Replies (2) of 44573

My thought, as of now, is to short around the 90-95 level Interesting thing regarding my day vs position trading(in the spoos) results -- now that I have been doing this about a month or so. I am further ahead in terms of the return that I have achieved in the day-trading account than the position trading account. Impacting this are a couple of things -- I am more aggressive in the day trading account in terms of how much margin I am willing to use--I never use more than 50% margin in the position trading account. In the day trading account--I use more leverage since the positions will be closed out relatively quickly. Second, I have taken a couple of major hits position trading, and to that extent it is atypical. The environment for position trading the spoos, using my system is just about the worst there could be--extreme volatility within a limited range with large gap opens in both directions--against my positions. Hopefully when we return to a more normal trading pattern the results from position trading should improve. But in the meantime, the day-trading profits have really helped.

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