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

To: Jay Baca who wrote (29266)	8/2/1999 7:20:00 PM
From: Patrick Slevin	Respond to of 44573

Actually, I forgot about the Napalm Report. I Sold the second it was released, at a Limit, unaware that it was coming out that very moment. Filled at a Higher Price, I saw the market take off and turned on the Television to see what happened. Too dumb to worry about it, I waited a few moments and ended up losing a point and change on it. I think the only "safe" way to trade a spike like that is to be on the correct side of the move "before" it occurs and Exit with a "reasonable" Limit Order...particularly if you are using the Mini, as slippage there would get you an Exit Fill just about anywhere in the range.