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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (1813)	7/30/1998 3:12:00 PM
From: Patrick Slevin	Respond to of 44573

It would have been a great trade, look. It's almost 1148; it was the placement of the stop. I went to a lot of pains to pick the perfect stop and it was. They hit it right on the button and reversed. Even a tenth of a point lower would have been safe. Damn, I just realized the range was $2500 per contract. Some days I position better. I had 13.5 points on Tuesday but never put a stop in. Generally I do best with hit-and-run but once in a while I think I see a movement amassing and hang with it. My mental stops I keep wider in those instances....I can adjust as I go. This one I would not have sold as the acceleration was coming off it. Ah, the heck with it. I just can't get out of bed this week without tripping on a dustball.

To: Stoctrash who wrote (1813)	7/30/1998 3:13:00 PM
From: Stoctrash	Read Replies (2) \| Respond to of 44573

Is this close??? FAIR VALUE FOR THE S & P 500 IS LOCATED AT 6.60 OVER THE CASH. BUY PROGRAMS WILL KICK IN AT 7.60 WHILE SELL PROGRAMS SHOULD BE TRIGGERED AT 5.90. -------- edit...maybe doing 80% of your trades hit and run.....but throwing a contract on a position trade with a P*stop system trade might work for ya? Maybe even a 15min or so system that got you flat at the end of every day might be cool?