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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (54517)	9/4/2001 12:20:23 PM
From: William H Huebl	Respond to of 94695

Well until recently I was still shopping for a system because everything I came up with was a dud. My new composite indicator seems to be doing fairly well, and another new indicator seems to be backing it up. I tend to be a interday trader who takes profits sometimes in a day trade. For example, my calls I picked up Friday will probably sell today if the market keeps going... but sometimes I get to sell them the same day I buy them. When the price crosses the threshold, I put in an order for one or more options at the price calculated to pick them up should the market move to where I think it is going. When I buy, I already have figured out when I will sell so when that price comes, I sell. And like today, I already have the sell price in as a limit order. That can either mean a day trade or an interday trade. I have both long term (6 months or so) options AND short term (expiring month with no less than 3 days to expiration) options. The short-terms trades are usually done during the last 2 weeks of expiration. I hope that answers your question. If not, ask again???