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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Nazbuster who wrote (2996)12/12/1998 9:54:00 PM
From: DayTraderKidd  Read Replies (2) of 90042
 
Daniel, I am using this strategy now becuase the market is at or near all time highs and displaying a lot of volatility.

Its main premise is that no stock goes straight up or straight down.

Yes, if both stocks trade in tandum then I will immediately win on one stock and lose on the other. However, that can only happen if I choose to sell both stocks at the same time.

I did quite well last week selling with winner and adding to the position of the looser at the same time.

I would not consider doing this with just any stocks but Seek and Xcit
both move several points per day and are currently moving in tandum.

I don't recommend shorting one or the other after it gaps down 2 points at the bell. I would tend to long that one and I do not establish initial positions at the same time for obvious reasons.

Currently holding 500 xcit short 53 3/4 500 seek 41 3/8.

I also set tight stops on my positions.
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