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Robert
We don't have a longer term signal. We're traders and have two different
systems that we trade. The first signal is what we call the SP39 and that's
a short term signal. Our other signal is an Intermediate Term Signal. We
have tighter rules for the SP39 when trading against the Intermediate Term
Signal.
Now this trade has both going in the same direction.
I've managed to catch a bug, so I didn't even have the computer on today and
spent the whole day in bed, until it was time to go to my son's orchestra
recital. Nothing like a first year violinist to set your nerves on edge.
I'd like to use my 20-20 hindsight and close out my shorts on the open and
reinstate them on the close, but I didn't. We're still short.
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Robert C. Richmond
Sent: Thursday, April 27, 2000 7:15 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Another Day, Another Trade - Going Short!
Guy -
Are you, with this trade, counter to your longer term position? Or is this
the
whole you at this stage?
The really interesting thing now, is how long term this short direction will
remain per your system. Any anticipation? Or do you try to avoid that?
Guy Tann wrote:
> List,
>
> Rather than post our internal family newsletter and our summary
spreadsheet,
> I'm just posting our latest signal.
>
> We're going short in the morning. We are selling all of our stocks and
> shorting the SPY, DIA and QQQ. Use this information at your own risk.
>
> This is just what we're doing.
>
> Our S&P trading system, since October 11, 1999 (the date when we started
our
> little family newsletter to publicly post our trades and actual results,
not
> when we started trading it) is running 81.82% correct with 9 winners and 2
> losers, in the last 6 months. Total number of points of profitability,
> trading 1 e-mini S&P contract, is 400.20. At $50 a point, that's $20,010
> net profit before approximately $300 fees and commissions. Margin for
> trading 1 e-mini S&P contract is $4,688. We maintain much more than that
in
> order to satisfy our money management requirements. These P&L numbers are
> before our fills tomorrow morning. If this trade remains profitable
> (according to GLOBEX) we'll be 83.33% profitable.
>
> Guy
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