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

To: Brian Hornby who wrote (21017)	4/14/1999 1:45:00 PM
From: Patrick Slevin	Respond to of 44573

As I mentioned to Scott, the Mini does tend to dance around a lot. I was told by my desk that a fellow client uses fixed prices for entries and exits on the Mini and almost always gets his price. When I asked if that was so with the spoo they just laughed at me. So when I trade the Mini I usually don't do Market, but on the spoo I don't think I would ever use a Stop Limit. Then again, I day trade so by the time my Stop got reported to me I very often am back in at a better price. Taking today, I entered at 55.50, stopped at 53.50 nd before I got the Fill I was long again at 52 A position trader can afford to wait I suppose. Of course, there is always the outside chance that a fast market, as Doug said, will leave your portfolio scarred.