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

To: Tom Trader who wrote (4881)	9/30/1998 10:32:00 AM
From: Patrick Slevin	Respond to of 44573

<having a broker who one can rely on is of the utmost importance.> et cetera. I had to laugh because I was reminded of a video I once saw, where Mark Cook was freaking because he was delayed getting a fill during the 1987 decline, I think it was. It turned out his trader was delayed giving the report because he literally had to beat up the guy on the other side of the trade to get the fill. Anyway, I guess in a fast market like yesterday Mary's friend may have been better off to have just picked a price and put it in. The broker should have put it on RAES and as soon as it went though that point he would have been filled. If it was for more than ten the way around that would have been to break the order up into smaller lots. As a side note, I was just told that RAES is going up to 20 on October 5th, I think it was. For my own part I was successful enough with the OEX options but could not match a- the profitability of the S&Ps b- the ability to exit a losing trade with minimal damage. I normally picked direction okay, but volatility killed me pro and con. Butterflys normally were profitable but I always preferred to leg in and in 1997 it was much harder for me, as the market often trended sharply; unlike these past few weeks. I suppose I could be doing all right with Butterflys these days; This is why I have started to re-educate myself on the topic.