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

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To: Patrick Slevin who wrote (14009)	1/29/1999 8:38:00 AM
From: Tom Trader	Read Replies (1) of 44573

>>A man's gotta know his limitations. The potential is there for a sell but I don't have an idea where, how much or if it's worth trading it. << Very true about the limitations bit. I realized yesterday that I traded against the trend almost all day -- I was probably overly influenced by the gap that I felt may get filled. Fortunately, I bailed very quickly when it did not work out and so I did not lose any money. Finally, I went long at 65 and exited at 70. What's your outlook for today?? I am thinking about shorting this gap open -- the futures closed at a discount, so it's deceptive but I figure that at some point they'll bring it down.

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