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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 (14502)2/2/1999 12:33:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
Well, I decided to risk my original 10 points and moved the stop to 70.25, 10 points from my entry of 60.50...well, sorta 10 points....little room there for slippage on the close-out.

If we get to 65 I will probably short a second. This will have a very tight stop as it is above and beyond my risk parameters at this point. Probably only about a 2 point stop on the trade. If the second can get up a head of steam in the right direction I might carry it but it is probably only a day trade. The decision on the second will be made later on.....have to see what is happening at that point...




To: Tom Trader who wrote (14502)2/2/1999 2:34:00 PM
From: Clay M  Read Replies (1) | Respond to of 44573
 
Do you have any plans to short the rally for a day trade?