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


To: Jimsy who wrote (24428)5/28/1999 8:32:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Okay, I misunderstood what you were trying to say.

My screen also is set to default to a trade on the SP9M and I too also just change it depending on whether I wish to place it as a Stop, Limit, MIT or whatever.

Generally what I have been doing though, is "parking" a handful of Market orders for various quantities both Buy and Sell.

Once something is "Live" I change some, perhaps making one of them a Stop, another a Partial Limit as a target and leaving one as a Market.

Then I replace the "Parked" order that I used to Enter so the screen is set to go once again.

One disadvantage that I am experiencing is that I find that I am trading far more. Far more. I have to get that under control. I am trading perhaps 8 to 10 times a day. Taking out partials as I go, I end up with roughly 8 to 10 entries and 12 or so exits. So twenty lines of data to muck through each day.

I'm sure that by next week I will be back down to two or three entries but I've been trying out some scalping techniques designed only to grasp 2 and 3 point moves. My trade logs have gone from 1/2 a page a week to a page and a half this week.

Because I write all the trades down, this has doubled my budget for ink refills.