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

To: doug-e-mini who wrote (14824)	2/5/1999 9:52:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Doug and all... NDX looks very bad...all the big cappers are being sold hard..

To: doug-e-mini who wrote (14824)	2/5/1999 10:00:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Well, not really. I tried to re-load the WIN 95 and it was still crapped out. Spent several hours figuring out how to get the data off the drive, I won't bore you with the details....suffice it to say, I had to dig back into a DOS 6.22 program and work with Memmaker and stuff to be able to get to the data. Then I re-formated, tried to load WIN 98 and it hung up again. At that point, I went and grabbed a different computer (we had a spare in the back 486 DX 66) and I loaded WIN 98 etc, etc...on it. Slow dog from He!!. I was here till about 1:30 am, and back at 6:30 am to finish up. Nightmare over, for now.... Today's nightmare was the following. I present this to show that I simply have a lot to learn and maybe others can be spared any mistakes.... This morning, I put in a BUY stop at 125400 and a sell STOP at 124900. My reasoning was I believe we were due for a bounce and I figured if we got to 1250 and held I would be OK, but if we did not hold 1250 we were toast. 1254 comes and I figure I am filled. However, the Buy stop was rejected because the market was above 1254 when I put it in. I would have had to use a limit order, not a stop. By the time I realized I did not get filled and did not know what was going on....the market had almost ticked 124900. I called, they explained my error and I was able to pull the sell stop in time. Unreal. I stayed away from limit orders because I hosed up with one of them during my paper trading days and really screwed up an otherwise decent day on auditrack. Well, I think maybe I should go back and read the rule book. ACK! -Scott