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

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To: GROUND ZERO™ who wrote (12248)	1/9/1999 10:34:00 AM
From: Tom Trader	Read Replies (2) of 44573

GZ, thanks for the kind words Anyone who has traded futures goes through a severe draw down at some point or the other -- it is painful, but the recovery is particularly sweet. I took a hit of over 25 points per contract on the position trades and another 12 points per contract on day trades in the same two days. Given the number of contracts that I had it was a massive hit. My system is still on a buy signal but it would not surprise me if we had a sell triggered on Monday or Tuesday. If it happens, I'll go short -- and hope for the best. Congrats, on some great positioning in terms of the long contracts that you have. I think I saw that you are long 5 contracts --now is that a normal position for you or would you deem it to be an aggressive stance? Have a great weekend.

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