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


To: Stoctrash who wrote (6317)9/19/2000 4:24:26 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 7434
 
Nasdaq definitely has my number.....I walked in the door just now and tried to Sell some e-minis at market using the Internet and inadvertently sold pre-set N-Minis.

Fortunately I saw the mistake right away and put in a Limit order a point and a half below my entry and was filled right away, covering the vig.

Earlier, right after I posted to you I tried to close my Tradestation NASD screen and the computer locked up. I hate NASD.

The Stop I have on the SP is high because my entry was back on the 11th at 1516. It's 1496 on SP0Z; but I'm not planning on getting Long there.

I think the market only looks long (per SP) because it tested the 200 dma. (1446 roughly on the SPX). It was bound to bounce from there, and so I added by selling minis (after the N-mini error) and I'm taking the chance that the 200dma will not hold on the next go around;

provided I get a chance on a "next go-around".



To: Stoctrash who wrote (6317)9/19/2000 4:38:39 PM
From: Patrick Slevin  Respond to of 7434
 
Forgot, I took off the SP Short for a day last week; I took everything off as a matter of fact one day.

So my basis is lower but I'm comfortable with 1496-Stop at the moment.