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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (26471)	6/29/1999 10:09:00 AM
From: Jerry Olson	Respond to of 44573

Hey good luck cowboy... i have enough trouble just doing what the heck i'm doing???

To: Nemer who wrote (26471)	6/29/1999 10:12:00 AM
From: Gary E	Read Replies (2) \| Respond to of 44573

Nemer, How can you be long and short at the same time ? Different accounts ? Hal

To: Nemer who wrote (26471)	6/29/1999 10:17:00 AM
From: Patrick Slevin	Respond to of 44573

Actually, it is physically possible to have a delta neutral position in one account by going one way with the spoo and the other way with multiple minis..... in truth it should not even have a margin requirement. One thing that occurred to me about the rules last night, and Bob Simms is an excellent example, is that some guys (like Bob) "target" the entry and exit with a Lawn Dart. For example Bob has a theoretical Long at 1338.00 Limit. So, slippage isn't there. Penalizing him with a Full Point for Vig and Slippage is not realistic. Perhaps, if I could suggest, next time the Rules of Engagement might allow for only a half Point ...just for the Vig....for the person who Enters and Exits on Limit Orders. After all, in Bob's case he would not experience slippage that was negative to his position. Me, I'm Long.....walked away for a moment on an early dip else I would be Longer. But I don't think much of the pattern so I am trading a bit smaller than usual and will trade fewer times through the day. Let's just say that I am "cautiously" Long.

To: Nemer who wrote (26471)	6/29/1999 12:07:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Nemer, Aren't Strangles used primarily for options? I would think that an Option on Futures using a straddle and/or strangle would atleast get you into a fast break away market in either direction. One would instantly be in the money. After the trend has broken...break away is established then sell the odd out Option and buy the spoo contract....you get the best of both worlds. The only down side is that the market must move substantially to make it more then a break even.