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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (15481)	6/1/1999 11:58:00 AM
From: James F. Hopkins	Respond to of 99985

A Limit Risk strategy should be understood by anyone trading , most newbies ignore it until they have lost money. I don't like stop orders, instead I hedge.. Like now I went short the NDX Friday on the close via USPIX, when the NDX looks like it's lost it's Mo Mo to the down side I'll go long the QQQ to lock in the USPIX price..( as I can't get out of it except on the close ) so I use an opposing bet to "lock in" an effective price. I play indexes almost exclusively , ( diversity and risk management) I can handle in the indexes better than individual stocks. ------------ Trading a basket at the time for $12 also keeps down expense. I do use funds , but they too are mostly index type funds. Jim