Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patrick Slevin who wrote (66)	1/22/2000 12:02:00 PM
From: David	Read Replies (1) \| Respond to of 797

Pat, I agree that 50 points stop could be hit easily. Setting stops based on recent volatility is actually a good idea. For now, in real life trading (I am trading this system), I use mental stop. In the case of coming Monday, for instance, my mental stop is 57 points. What I mean by that is that if my mental stop is hit in the first 30 minutes or so, I will cover my short at first pull back, using a market order. What if the Dow future gaps up more than 57 points and keeps going higher? That is possible, but unlikely, at least according to my system, because it stays short. The season that I kept my short position over the weekend is that, according to the short signal, the probability of hitting target first is higher that the other way around.