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

To: Suresh who wrote (3112)	9/3/1998 9:29:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Hi Suresh re >>I was wondering about your system and money management (esp. closing winning positions when it doubles). Won't this money management miss out most of the gains in bear market plunge/crash ? << I exit the trade when I hit a certain target--45 points at the moment. Yes it will leave me without a short position if the market really plunges without any recovery. I guess my system is really geared for "normal" market action. A crash is an unusual event and I am not sure that it would be wise to gear a system to such an eventuality. >>How about using call options on futures for hedging while the market is taking a plunge and you have a short position instead of closing ? << Ihave thought about this in the past but prefer to just keep it simple. >>If it is not a problem would you share with us the net stocks in which you have established short positions ?<< Half positions in AMZN and ELNK--tried to short CMGI, just after the market began to turn down, as well but did not get my price. Will add to these positions if the trade begins to go in my favor--and the stocks show further signs of breaking down. Will aggressively short them when they show a long term trend change. The internet stocks, IMO, are the bubble of this market and deserve to go down by a good 70% off their highs--if not more. But as we know it is a high risk area -- and if I am wrong, and they start to surge ahead again, I'll cut my losses in a heart-beat. BTW, I understand that Arch Crawford is saying that the 4th is going to be a key day--presumably based on the stars. Did you hear him and if so can you elaborate on what he said--he has made a couple of good calls in the past? Regards