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Realtraders,
Since I posted my entry I thought I should update my
close as well.
1/8/98
Bought 10 - OEXBI, Feb 445 Call @ 12 1/2
1/12/98
Sold 10 - OEXBI, Feb 445 Call @ 14 5/8
Entry Efficiency: 88.89%
Exit Efficiency: 58.33%
Total Efficiency: 47.22%
Gain: $1625 (less $30 for commission - Discover)
OEXBI high so far today was 16 1/2. This will
explain my poor exit efficiency of 58%.
Obviously I should have held out for my original
target. I never claimed to be the sharpest knife in
the drawer. I just can't seem to emulate Mr.
Winski's enter a trade and take a nap until my target
is reached. I'm more like a cat on a hot tin roof
during a trade. Any tips/suggestions on this Norman
would be appreciated.
John Chamberlin
===
john@xxxxxxxxxxxxxx
Statistics is like a bikini. What they reveal is
suggestive, but what they conceal is vital.
--Aaron Levenstein
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