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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (398)	4/24/2003 2:57:01 PM
From: Londo	Respond to of 666

OK, the markets are even a little too volatile for me right now, the Eminis are at 916. Just incredible. I'm going to chew my ~2% capital loss for the day and take the rest of the day to concentrate on something else. Capital preservation is the name of the game, and I intend to stay in this game for a long, long time. Futures are not dangerous when you don't leverage yourself too much against them. I can just imagine a poor sucker that shorted 4 EMinis at 908 with 10k equity in his account.. he'd be sitting with a 16% loss of equity. I have no idea how anybody can trade with leverage like that.