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To: ~digs who wrote (1327)8/11/2005 4:27:28 AM
From: ~digs  Read Replies (1) | Respond to of 7944
 
bummer, that pesky edit window closed b4 i could publish my conditionals...

copper is up sharply at this hour
Copper » 168.70 +3.50

-idea-

enact a singular position : no doubling up.. nor doubling down
sell short at market price .. roughly 168.5
use fixed percentages for requisite stop loss and target
while copper is somewhat volatile, i wouldn't characterize it as being too wild

a 5% stop-loss seems about right
I like to seek a 2:1 risk ratio, at minimum

Thus:
sell to open @ roughly 168.5
stop-loss @ roughly 177
price objective @ roughly 151.5

[of course, actual futures contracts will rise or fall at a magnitude greater than the day-to-day spot market fluctuation. Therefore, the above set-up is purely hypothetical.]