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

To: Patrick Slevin who wrote (21222)	4/16/1999 7:47:00 AM
From: F Robert Simms	Read Replies (2) \| Respond to of 44573

Sorry about your loss. My nets were short and are going mixed on today's close. Even they have trouble with expiration day. lol Best Wishes, Bob

To: Patrick Slevin who wrote (21222)	4/16/1999 11:42:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Pat, Does this stratagy make any sense to you? I've been purchasing 2 positions on my entry signals for a daytrade. I put a -2 stop (may need -3) If the position short/long goes in my favor I sell one contract at my target, on any negitive signals or at the close. The other I hold overnight...if I feel the trend is still in my direction and raise the stop on it to 50% retracement. This gives me a profit if the position trade is taken out the next day. Now....if the trade continues going in my favor I raise the stop each day to 50% or the difference between the purchase price and the new high. This allows for some very long runs in a strong trend and captures good profits in any event the market turns. Make Any Sense? There is another question in here. Can this be done in Live trading or will it be to expensive to buy and sell daily stops? Chip