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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 (7116)	10/23/1998 1:05:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

I just went back 2 trades on that faulty system I spoke of and reversed them. The system, prior to the current long...which would have us short at 64...had a short trade at 994 which was stopped out on that Thursday run at 1064. So reversing that would give us 70 points. Prior to that, the system was long at 1006 and stopped at 994. So reversing that gives 12 points. In the meantime, however, reversing the first would mean we would have to hold onto our long from 994 down to 929 before cashing in at 1064. Reversing the second would have us holding the short from 1006 to 1080.4 before cashing in at 994. So using money management stops would probably kill us.