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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (9294)12/2/1998 2:21:00 PM
From: SE  Read Replies (2) of 44573
 
Yes, I won't argue with the 3.25, but I made a mistake. The prior low was at 64.00. I should have stayed with the trade until a prior low was taken out and then I should have exited it at that point. I would still be in the trade at this point had I not made that mistake. I was thinking point levels, meaning 64.50 was 3 points and I did not want to lose the 3 points...I also did not want to lose my streak. Two things I should not have been thinking about. Even had it spiked to 68.00, the exit was if it broke 64.00 and not before. Nuts. Hopefully I won't do that again!

Just checked and I still would have been with the trade and the current bid is 70.75, 6.00 points higher and the new exit point would be if 67.50 was taken out.
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