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


To: Electric who wrote (41506)4/27/1998 1:57:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
E--thanks for message

Am out of my short position with a 45 point profit

>>Makes up for those 5 point losses in between quite nicely.

Yep--that is how the system works; the smaller losing trades are compensated for with the more profitable trades. The only thing is that I never know when I am going to be in a big winner and so I have to take every signal and hope for the best.

If I wanted to get into another trade -- I'd short again at the 1090 level or thereabouts--but that has nothing to do with the system. My sense is that the market should at the least, retest the lows it just established --- and if the bonds break-down, the stocks will head lower.

But I think, I'll just stay out until the next signal

Take care