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Stops!
Yes Gang!
I did use stops!
sorry for the typo
the 04/17/98 exit
was:
Sell 2 July Cocoa @ 1598 Limit
OCO
Sell 2 July Cocoa @ 1560 Stop
Sorry about that gang! Dammn Right! Well placed Stops are great life
insurance, and
hey it's free!
MarkBrown wrote:
> tony be sure to have stops, you do use stops?
>
> Tony Parker wrote:
>
> > Well Gang:
> > I finally made some money in futures...
> > I know it was only $177.00 and it took three days, but it feels
> > like a million!!!
> > Here's the disgusting details from Newbie's Trading book!
> > 04/15/98
> > Flat
> > Buy 2 July Cocoa @ 1594 Stop
> > Sell 2 July Cocoa @ 1538 Stop
> > No Fills
> > ---------
> > 04/16/98
> > Flat
> > Buy 2 July Cocoa @ 1586 Stop
> > Sell 2 July Cocoa @ 1550 Stop
> > Fills
> > Bought 2 July Cocoa @ 1587
> > Sell 2 July Cocoa @ 1569 Stop (Stop Loss)
> > ---------------------------------------
> > 04/17/98
> > Open
> > Long 2 July Cocoa @ 1587
> > Orders
> > Sell 2 July Cocoa @ 1598 Limit (Profit Exit)
> > Buy 2 July Cocoa @ 1610 Stop (Re-entry)
> > Sell 2 July Cocoa @ 1556 Stop (Re-Entry)
> > ----------------------------
> > Gross Profit
> > $ 220 minus $43.00 commissions & fees
> > Net Profit $177.00
> > ------------------------------
> > Still feels like a million!
> >
> > If I can now do this two three times a day, I can make a living
> > at this!
> >
> > Enjoy
> >
> > Tony
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