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

To: John Pitera who wrote (37057)	10/15/1999 9:57:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Yes, it's great to see Scott playing the position trading and making some great money! I was short a fair number at 1335 on a position trade, but my irregular trading practices required they be cancelled to square up and start again. Also, short quick moves like todays favor those who are practiced scalpers. If Nemer had been working this market it was a clear and easy day for his style. Those 5 point swings every 10 min were a gift for his eye. Have a great weekend Chip

To: John Pitera who wrote (37057)	10/16/1999 6:46:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Yeah, I think position trading is the only way to make real money, unless you're exceptionally good at day trading, which I'm not... I think I clearly demonstrated my day trading ineptness in this contest..... a simple position short from where I started the position trade would have yielded a contest total of about 780K... I've been using the contest to try different things, but I've returned to my position strategy and have added some day trading methods..... we've got a long way to go in this contest... anything can happen, and several times over..... GZ