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

To: Jerry Olson who wrote (36986)	10/15/1999 2:12:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Um, funny you should mention that, I was thinking about doing just that. But what I was doing was putting in a Limit Sell Stop. In other words, I was Long from 1270 for example, and decided rather than deal with these cwazy moves I would put a Sell Limit in to Exit at 1275.....so when it hit 1275 it triggered a Sell of my position at 1275 Limit. You follow that? If the sucker ran to 1400 after that, it would not matter, I would be out of the trade. On the other hand, I only sold part of the position at 1275, so I had a Sell Stop in at 1271 so when the market came back down it took me out of those contracts when it hit that number. So, some were exited at 1275, some at 1271.