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


To: Stoctrash who wrote (4845)5/26/2000 11:27:00 AM
From: Patrick Slevin  Respond to of 7434
 
All week, really? That's something. Talk about Global warming.

Renting a Grumman 16 footer up in Canada this year. Is that a good thing or did I mess up? Cost is $400 Canadian for 5 days plus fuel. The price was so inexpensive I had the feeling I fouled up somewhere.

I don't like the 5 minute P-Stop except for getting me out when I've already in and wondering where my Stop should be. I like to decide which way the market "should" go and then if it trends in that direction, lending me a cushion, I occasionally glance at the P-Stop to get a feel for the Exit.

In retrospect I had a huge point gainer a few weeks ago, it was only with a mini unfortunately. But it really was a humdinger. 115 points or so over a two day period.

Here it is, a Short from 1473 down to 1358 closed out on the 17th of April. I recall looking at it later and noticing that the P-Stop on the 5 minute tracked it down perfectly all the way to the 1360ish area....
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Someone came to the front door and I lost my train of thought. I should get out of here before I get tempted to trade anyway.