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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 (6513)	10/15/1998 4:12:00 PM
From: Nemer	Read Replies (3) \| Respond to of 44573

TT ---- =======>Nemer--I have never seen anything like this ever Shows one how dangerous trading the futures can be If one were short it would have destroyed all of ones equity if one were to have used stops. I was on the phone with my "normal equity, option, money mkt, etc" broker and had the identical discussion with him concerning the futures ...... In the past, I've been on the losing end when one just couldn't get out ----- BUT NEVER a move like this one the day before expiry Golly --- can you envision being short 10 contracts @ 1025 and the first chance to get out was 1045 and while you were screaming to yourself and the floor desk and having a runawayfit inside and then watch the sucker climb another 10 points ...... as we used to say ----- "JesuChisti" --- or as Scott would say now ---- HotTamaleBatman ......... ggggg letseeeee ---- 250x10x20 and while a blink and a curse slows you down 250x10x10 ====== son of a gun ........ we're starting to talk REAL money ........ I'm impressed with my being away fixing on the estate house and saving me a possible LOSS LARGE ........ matter of fact ---- I'm headed to the chapel and light a candle of thanksgiving before Marilyn gets home .......... Regards ---- Nemer