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Matthew I obviously exaggerate but do I read your spreadsheet right where it
says the system has so far lost $961,000? I don't get it. I sometimes scale
into a position but I do it going up, not down. I'm not prepared to scale
into pullbacks like the NAZ has had over the last two years.
John Manasco
----- Original Message -----
From: "Matthew R. Kratter" <mkratter@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 12, 2001 1:44 PM
Subject: Re: Naz 100 futures buy and hold system
> John,
>
> I was actually thinking of the Naz emini.
> If one starting going long at 4800, 4700, etc. and bought all the way
down,
> one would need a capitalization of $1,178,000 if we assume the NQ is
currently
> at 1750 (see attached Excel spreadsheet)
> This obviously ignores rollover slippage and commissions,
> but it is a far cry from your "several billion dollars capitalization."
>
> I actively trade the Emini and have a capitalization much much less than
this,
> so I am not about to follow this strategy.
> But I *am* interested in it as a thought experiment. One could imagine
doing
> the same thing with the QQQ's,
> buying 100 shares each time it goes down a point.
>
> Thanks to John and Chuck for their replies.
>
> Matt
>
> John Manasco wrote:
>
> > ----- Original Message -----
> > From: "Matthew R. Kratter" <mkratter@xxxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Thursday, July 12, 2001 11:40 AM
> > Subject: Naz 100 futures buy and hold system
> >
> > > I wonder if anyone has any thoughts on the following system.
> > > Assuming one has the necessary capitalization and patience, would it
work?
> > >
> > > Rules
> > >
> > > 1. Go long only.
> > > 2. Buy the front month Naz emini at 1800, 1700, 1600, 1500, 1400, etc.
all
> > the way down or all the way
> > > up!
> > > 3. Sell each contract only when it reaches a 100 point profit.
> > > 4. Rollover if necessary.
> > >
> > > Obviously if one had begun this strategy when the Naz was at 4000 or
5000,
> > one would have a lot of
> > > still open positions.
> >
> > Sure if you have a several billion dollar capitalization because right
now
> > you would be holding on to a several billion dollar loss.
>
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