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


To: SE who wrote (16143)2/19/1999 2:36:00 PM
From: Nemer  Read Replies (1) | Respond to of 44573
 
SK9

I didn't punch you out when you got the point fall you wanted, as I had my hand on the trigger for a duplicate position (making 8 contracts total for the two of us) ---
it was falling so fast that I felt very safe, and besides, what're you gonna do .... sue me if it goes bad ........ gggg

Any way ---
I punched out at 476 1/2 which was where I had calculated the downtrend would slow or stop there ....

SO

your first paper trade on beans ---

4 contracts
in short at 479
covered at 476 1/2
for a total of 2 and 1/2 points profit x 4 x $50 equals $500 dollars american ....

you being the accountant --- you can figure what the billing hour rate is .....
you held the position for a tad bit over an hour.

not bad, little sprout .... not bad at all ....... ggggg