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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: KFE who wrote (823)	8/14/1999 12:25:00 AM
From: Ron Lambert	Read Replies (1) \| Respond to of 2317

I took a hard lesson on exit points last month and have since set up a probability formula to determine my chances of having a winning trade. If I have less than a 60% probability two days in a row I will close the trade in the future. This unfortunately,(or fortunately) came after having a 42% gain the previous month. I would be interested in discussing when it is you feel the market will continue a trend against your position and thereby close only the short leg of a credit spread. Had I done that last month I would have still had a good win.