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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (3184)	2/24/1998 11:50:00 PM
From: dpl	Read Replies (1) \| Respond to of 12617

Irby,I place a max time limit of 60 min on most of my trades.Also a Dow avg/tick limit of 40 pts/800. David

To: TFF who wrote (3184)	3/7/1998 12:28:00 PM
From: ExCane	Read Replies (1) \| Respond to of 12617

Irby- Back to your "time stop" concept, how's it going? Thinking back, my original thought was that I used price stops only, but I've since discovered that I often exit positions intraday if they don't work after a time period I feel is right(easily quantifiable!), and how the futures/group is doing. This is even if the stock hasn't moved much, but based on my fear of other traders taking/hitting the stock (taking isn't much of an issue lately, I haven't shorted since January). Of course, often the stock knows I'm gone and then moves as hoped within a few seconds. Is this more along the lines of a time stop as you posted? Another note for discussion here, the sentiment among the traders at my place is that we're due for a nice hit soon and the recent gains were probably short-covering, as the short interest is high lately. Intel and Motorola had negative earnings surprises, what's next. Traders are buying OEX puts and limiting carrying positions. What is your take? -Alex