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

To: Allan Harris who wrote (4198)	9/16/1998 5:28:00 PM
From: Patrick Slevin	Respond to of 44573

Nice job. What a crazy trade, but very nicely done. Frankly, I am interested in the approach. I could set up a small account at Angus, trade off your deal, and trade from E.D. & F. Man by myself. But I have to think about it....I have many things going at this point.

To: Allan Harris who wrote (4198)	9/17/1998 6:40:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

It was certainly a strange way to get there--but you came out ahead and that is what matters. Am curious as to how much latitude you give when you place your money management stop -- I think that you once stated that you do use a stop just in case the trade goes hay-wire. Yesterday you went long at 54 and it traded about 15 points lower at one point. For a day trade that seems like quite a bit to risk. Do you use a fixed number of points, a percentage, some thing based on support levels or a more esoteric method-- before getting stopped out?? Anyway, congrats on the trade.