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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (20302)4/6/1999 2:43:00 PM
From: SE  Read Replies (2) of 44573
 
I was going to do a paper long at 32 with a stop at 29.50, but instead decided I am going to SAR OJ and myself. He may not like it but so what. SARing the whole bunch at 1332. Don't recall our basis, will have to check again. Took a small hit on the short.

Will EDIT our long position momentarily.

EDIT - Found it, we were short at 1272, SAR'd at 1332 for a loss of 50 points per contract. This means we are breakeven at 1382 even up. Once we get there, and we will of course, we are going to a 10 contract position. In the meantime, we are down 50x16x$250 or $200,000....no big deal.
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