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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: Ramus who wrote (7319)	10/3/2002 7:01:52 PM
From: Temple Williams	Respond to of 11288

Hi WH: From the glossary at my site: sellnow.net Weave: I often add a contract on to a trading series, provided the signals remain sound for the original entry, if the trade goes 1.5 handles against my position. I call this a "weave" ... sewing an additional trade into the fabric of the trade. It can be dangerous, and so I try not to do it if the signals weaken or if I face a potential railrunner against my position. Once a weave is in place, I often bail out of the original trade to reduce my overall risk. This bailout occurs, at times, with a small loss. I rarely "build" positions with multiple Spoos contracts. I do not take those sort of risks.