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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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