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

To: Brister who wrote (5853)7/13/2000 9:31:21 PM
From: Patrick Slevin  Respond to of 7434
 
I know a guy that does that. He spends each day on the course playing golf after he sets up all his house painters in the morning, then he monitors using a Nextel Radio set-up.

I guess it's a great business. He can afford the golf dues, that's a large nut in itself.



To: Brister who wrote (5853)7/13/2000 11:08:05 PM
From: Patrick Slevin  Respond to of 7434
 
I have a golf date tomorrow, but here's my scheme.

If the Open is High I'll Buy 1515.50 with a 10.8 Trailing Stop.

If the Open is Low I'll Buy 1505.50 with the same Stop.

In other words, if it Opens at 1500 I would have a Buy Stop at 1505.50; that way if it trades down from the 1500 Open I would never be long at all.

Let's see how that works.....I am not suggesting that you trade it, but I have an idea I shall try it.


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