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Over the recent period of time there has been much comment regarding OEX trading.Prior to this I had done an exhaustive internet search for mechanical systems for this arena.I came up with 3 which looked impressive however the vendors could not recommend a broker who executed the signals regularly.
I believe it is a fascinating diversification area whether you mechanically trade,fly by the seat of your pants or have your own methodology.
The purpose of this post is to inquire whether anyone else is familiar with any mechanical systems traded by brokers on a remote control basis similar to many Futures trading systems.
Thank you for your time,
John
------------------ Reply Separator --------------------
Originally From: "khanitha" <charlie@xxxxxxxxxx>
Subject: oex vs. s+p thoughts.....
Date: 08/22/1998 01:25am
hmmmm,
Well, my first week of trading the oex in many years has yielded some
success.
on monday i deposited $1,200 in an old stock account from years past. the
$10 in there somehow never seemed to automatically close? I just throw
away the monthly statement, and recall trading intel, oex, type options in
early 1992/3 ! then i "graduated" to futures and never looked back to
stocks or options, it was only futures.
on monday i bought an aug call (530?) for 11.5, $1,150 plus i think about
$35 comm.
sold it on wed for 24.75, now with $2400 in the account i added an
additional $500,
and bought a total of 4 , 515 sep oex puts at "7", they closed friday at
9.75 (although
i heard they had a high of 16!), oh, and on friday i deposited another
$900. and bought
a sep 500 put for "8", it settled at 6.75.
Recap: total deposits for the week 1200+500+900= $2,600
current account value based on friday close and excess few hundred =
~$4,800
(was probably worth about $7,000+ with about 2 hours left on friday, oh
well)
Here's my point though, because i was obviously so bearish and ignored the
trin thing above 4.00, and if i was daytrading s+p's i probably would of
sold at the 1059 break?
knowing me i would of (ya, maybe i would of yes't i don't know) but let's
say i sold
at 1059, i would of stubbornly held and probably dumped 'em after i was
clearly proven wrong in the 1080's with 1/2 hour or less to go..........
losing 20 to 30 handles!!!!!!!!!!
again, i literally forgot about oex all these years i was daytrading the
spooooz!!!!
don't you all agree there is more bang for your buck if you are day-trading
oex, verses s+p, not to mention NO MARGIN CALL, even if holding only a few
days, the time value is basically irrelevant (spelled right?).
should i act like i'm daytrading the spooz again, except just deal with oex
trades instead.........look what i've been missing!!!!
everyone who has day/position traded both spooz and oex, what are your
thoughts!!!
thanks
gary
hawaii
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