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


To: Patrick Slevin who wrote (2453)8/25/1998 3:44:00 PM
From: SE  Read Replies (2) | Respond to of 44573
 
Yeah, I don't know what the deal is with SI. Used to always be fast from Kansas....maybe cause that was a central location! LOL!

I like the intereaction during market hours as it helps me see things, but I certainly understand your situation. At times I am inclined to agree with what you are saying and don't post all my signals or even most of them. When a trade is on it is very difficult for me to have my attention scattered....and if it costs .50 here and .30 there....it isn't worth it.

Would be nice if SI would get there act together again. They have lost a step since the buy-out....IMHO.



To: Patrick Slevin who wrote (2453)8/25/1998 3:59:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
>>Funny about Tom's system. It came back like that last one did---trading at 88 now.<<

Yep it is rather amazing!!

In actual fact, when I was developing the model the system worked best without any money management stop in terms of the results it produced. But not to have any stop no matter how much a trade went against me, was neither prudent nor palatable. So I had to use a money management stop, lest the worst happened. In any event, if I had let it ride, I'd have been down as much as 35 points from where I went short based on today's high. And talking about being apprehensive, I'd probably be going nuts if I were still in the trade with that sort of a loss per contract.

I guess I should be thankful for small mercies--it came just several points from my buy point -- and if it had been hit and I went long and the market then reversed, I'd have been holding another big loser.

I see that the market has come back some in the past few minutes

Talk to you guys tomorrow