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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (4617)	5/23/2000 9:20:00 AM
From: Patrick Slevin	Respond to of 7434

I think I would do it with a wide stop. Perhaps 100 points to start and gradually increase to 300 Does not matter at the moment because I'm not going to do it unless it rallies several hundred points first. I've had a few good ND trades and I think I can get the hang of it. The Entry point is key of course. I'm not certain how to target it, I think this method will best be used with a Sell on the drop and not try to catch a Top nor a Rally retracement. Just whack it at a target price after it moves high enough and try to hang on. Could get expensive, so I might try it with ND Minis so I can sleep at night. Been looking to get onto the JYen as well, but I just don't have the feel for that yet.