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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (28934)11/20/1997 11:01:00 AM
From: Tom Trader  Respond to of 58727
 
Hi Jim --reporting on a futures trade--real or imagined, fact or fiction

Per my quote service--I should now be flat my long Dec S&P futures at 958 that I went long at 918--for a 40 point profit at $250 per contract--or $10K per contract.

The way the system works--my next trade in the futures will be to go short anytime a signal is generated, commencing today. I can only go long, commencing tomorrow -- again, as and when a signal is generated.

If anyone is interested --when the contract split--I doubled the number of contracts that I usually trade so that the amount of leverage is maintained.