Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Trader who wrote (2628)	8/27/1998 8:35:00 AM
From: SE	Respond to of 44573

The mention of money management is important. I don't think that most traders understand this until they really try a methodology and stick with it. It is then that it becomes extremely apparent. If you are going to make it trading the SPOOs, it is right up there at the top of the list. Cannot be overemphasized in my opinion.

To: Tom Trader who wrote (2628)	8/27/1998 8:46:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

I put on a speculative short yesterday at 1084. The market ran to 1095 and I did not close it. I had a cover in at 1074 which was filled overnight. I guess it worked, but I would not try that with real money. I have been attempting some position trading on the side for fun, but don't have any methodology other than, hmmm...I think this should go lower. Some day I will spend the time to try and come up with something more concrete. In the meantime, as long as it is paper dollars, I guess I can fool around with it a touch. Completely separate from what I am trying for "real" with paper dollars and the results are not being added to the "real" account. So far my position trading is up 10.50 points, but both times the draw-down would have been 10 points or greater. Not exactly very good positioning now is it...and no money management to speak of. Ah the things you are allowed to do on paper.....