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Strategies & Market Trends : Dow Jones Futures -- A free paper trading service -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (64)	1/22/2000 12:54:00 AM
From: David	Read Replies (1) \| Respond to of 797

My system stays short at this point, but it is close to my target of 11283(dj00h). 11620 * 97.1% = 11283. It closed at 11340 today. I agree that turning position trading system into day trading system will be more profitable. For instance, today's close is only 57 points away from the system's target. Is it possible that Dow futures close up 100 points next Monday? The answer is yes. How about 200 points? Yes. So should I risk 200 points to grab 57 additional points? No way. In real life trading, or in an intraday trading system, I would set a stop order to limit my risk to ,say, 50 points. Or, I can simply close my position and lock the profit today.