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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 (3970)	9/13/1998 10:28:00 PM
From: Tom Trader	Read Replies (3) \| Respond to of 44573

Patrick--position trading using my system has been very frustrating over the past couple of weeks. I got stopped out of the short position on the Sep futures at 1005 -- for a profit of 7 points. This was a money management stop -- I gave it a bit of extra room since I had a profit on the trade--given that I went short as a day trade which then became a position trade when the markets tanked the day after I initiated my position. If I had initiated the position the day of the signal, I'd have been stopped out for a 15 point loss. Not sure why the system is doing so badly at this time; I think that in part it is the large moves in both directions--every day or two-- that is causing it -- something that I have never encountered in years. I have been stopped out using money management stops three times in the six weeks or so--which has never happened before ever. I have in the past had several consecutive losing trades caused by signals that have gone back and forth--but this has been an extra-ordinary happening. Almost as if the dynamics of the market itself have changed. Well, I shall continue to take the signals -- and hope that normality is restored sooner or later. In the meantime the day trading profits certainly have come in handy.