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To: Tom Trader who wrote (28325)	11/13/1997 12:32:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 58727

TT I added to my DEC OEX put position today...After listening to AG this AM, i'm no longer confident of an impending rally... So i own the Dec 840 puts... I will look to exit all positions as we speak... I hope I can hold till tomr. on KLIC... With Iraq, out there, the entire forward looking picture looks bleak at best... Hey and this ain't no BULL........

To: Tom Trader who wrote (28325)	11/14/1997 12:57:00 PM
From: Kevin	Read Replies (1) \| Respond to of 58727

>>>>>1) is it a good idea to hold overnight? Yes--position trading has made me more money than day trading -- any day(pun intended)--and it takes a fraction of the effort <<< From the research I've done so far, I agree. If you were to hold the positions overnight based on my signals, you would have caught every major move >>> I have found through extensive testing that the best thing to do is to maintain the same size position on EVERY position. <<< Once again, I agree. By changing the size of your position your second guessing your system (loading up when your heart tells you the signal is correct and going easy when the signal is against your feelings). >>>-I think that you are commencing to see the merits of a good mechanical system. The toughest part is to be able to follow every signal and not second guess them. I now do it blindly -- but it took me years to get there.<<< Years to get there? I guess your influence is making it easier for me to learn this. I've been impressed with your mechanical system for a long time, and have wanted one of my own. I'm getting there... BTW, have you ever shared your system with anyone? Just curious. Kevin