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

To: thomas todd bishop who wrote (7179)	10/24/1998 11:38:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

To be quite honest, Thomas, I do not think I shall the E-Mini much. I traded a few contracts as an acid test of a system I was running. I never traded them before. Between you and Scott and Irby I guess there is some consensus that there is a way to trade them but for my own part I only used them to test something. Frankly, I'm too cowardly to hold a lot of contracts overnight and the E-Mini was a relatively painless way to test something out. I'm not sure I could bail out of a losing position, even on the Mini, with a limit order. Your method of handling it is obviously more rock hard than mine. Once I decide to get out I get out, I cannot trade out....it's too hard for me. Anyway, I'm sure many would like you to provide your thoughts on this. For my own part, recently I've just tried to do system trading and could not hit the broad side of a barn. I'm certain others would appreciate your thoughts on trading the small contract, if you care to share. For my own part I intend to go to the wall on trading the large in and out this week.

To: thomas todd bishop who wrote (7179)	10/25/1998 2:12:00 PM
From: TFF	Respond to of 44573

thomas: Why are market orders not recommended?