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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (137)	7/6/1999 9:58:00 AM
From: Patrick Slevin	Respond to of 7434

Seems the only thing that you can do is widen the Stop a bit based on the Spoo. So if your low end Stop is 1390 basis the spoo it might be 1388 basis the Small. Of course, an extreme move with a lot of action would probably still overshoot but then you would have slippage most likely anyway. When I traded the Mini at Man a few times I was told that the more active Mini Traders...one in particular...was 90% filled on Fixed Stop Limits. Of course, I wouldn't want to find out the hard way that the one time in 10 was the time that the market made up for the 9 other times and more, if you know what I mean. I suppose if one were to employ that strategy then it should be employed with a "rough" idea that the price level will hold....to some degree.