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

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To: Tom Trader who wrote (6539)	10/15/1998 5:52:00 PM
From: GROUND ZERO™	Read Replies (2) of 44573

Tom, A long time ago, I was once caught short the lumber market when it went limit up for days at a time. The thing was, I kept shorting more thinking I'd make it up when it sold off. Before it was all over I was chopped liver. I was scared to death and one day it traded and I closed out all my positions at limit up. It was awful. Anyway, the day I cover all my short positions, the market sold off and it was limit down for a week. I thought for sure that God hated me. I'm long SP's today, but it could have gone down the same amount and in the same way instead. It is a frightening thought and, in all my rejoicing, I really am humbled by this as well. Sorry for rambling a bit, but days like today don't happen all the time, and I'm glad of that too. Have a good evening. GZ

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