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

To: GROUND ZERO™ who wrote (6872)	10/20/1998 10:47:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

GZ, I've read the same thing about the bonds...I think in TASC a few years ago. Makes sense though,, since economies don't turn on a dime when compared to stocks etc... Where you looking to get long the Bond...or not looking that far ahead. How low you think they could go? (Rydex has long and short Bond fund too :-)) BTW...no stops? You psycho??...by that do you use psychological stops then place the order when market is near?

To: GROUND ZERO™ who wrote (6872)	10/21/1998 9:19:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

GZ, thanks for the explanation I agree that the bonds are a great market to trade and that it does seem to trend quite nicely. Your system is clearly a much more long term system than mine; it it unusual for me to be in a trade for a month or longer--and I do exit at a pre-set profit target and go flat. Basically, my system plays the swings within a broader trend. You mentioned the lumber trade as your wake-up call; I guess every futures trader has one or more of these "learning experiences":) Mine was in the cotton market where I had gone long this market in a fairly big way and made an incredible amount of money in a span of about a month. I exited and then on a correction I went long again and very aggressively at that--the position went against me and rather than exit, I added to my losing positions a couple of times -- and it continued to go against me. At that point, I had lost just about all the profits that I had made earlier in the cotton trade--and I decided to close it out. Needless to say within a couple of days thereafter, it turned .......... It was painful at the time but it taught me two lessons--the importance of money management and never to average down on a losing trade. Both are lessons, that I am glad to say I have adhered to ever since and have stood me in good stead.