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Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: Mark Davis who wrote (1144)	11/17/1997 3:36:00 PM
From: Michael Friesen	Respond to of 1618

Oh yeah, I forgot about the uptick rule! OK, modify to (a) always being long 100 shares so you can try to sell out without an uptick, or (b) do a "hedge" - what this is (I've never done it) is: when you come in in the morning, you go short and long simultaneously - then your effectively flat, but technically you're long in one account and short in another (usually you lose 1/16 plus commissions). Then any subsequent shorts are simply considered selling out your longs. Maybe someone out there knows more about this than me - some brokers don't let you do this - is this "shorting against the box"? You wonder why I stopped trading SOES since I seem to have a good handle on the "game"... Well, unfortunately, knowledge doesn't always translate into trading success. I had a business plan with an investor and didn't meet the goals, so I stopped trading. Then I decided to go back to school to finish my degree. I am certainly thinking about getting back into the electronic trading game in some form or other when I finish.