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

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To: SE who wrote (23134)	5/13/1999 9:19:00 PM
From: Jerry Olson	Read Replies (1) of 44573

Ah Holy COW!!!! i bet i can trade this just like a stock, period!!! using time's of day for drawn lines no??? what i mean is...at the open, watch the action for the first 30-60 minutes...then draw trendlines for tops and bottoms of that time period... then we get supports and resisitances...using a 10 minute or some such, i could set up alerts using the real numbers that the mimi hit...sound possible??? i do this for the nets...like CMGI...i already know historical data via P&F...supports/resistances...using historical data.... now i trade this stock based on my read of those charts and patterns.. can you use this for the mini??? and have you traded both a positional trade, more of a directional trade and a daytrade at the same time... example, we came form the depths of despair, to the top of the heap, using mostly position trades... how long can you hold a position, and are there margin calls??? or how does this work...what i mean is if i buy a stock and it's underwater i can hold it till whenever...i know i would be trading something like the June contract let's say..but i could hold this if i was down, right??? of course i could, because i could hold it till the cows come home, if i was long...hmmmmm, what a dummy... the e-mini and the S&P's trade eactly like a stock, period...no different...right???? why am i trying to think that it's different...it's absolutley not!!!! and then the use of stops would negate any real damage, unless i felt it was just a blip along the way of my directional trade... ah ha!!! maybe i could just give someone my money, and forget about it...hehehehe

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