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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>petena9090@xxxxxxxxxxxxxx
<<A
href="mailto:petena9090@xxxxxxxxxxxxxx";>petena9090@xxxxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, March 13, 1999 10:28 AM<BR><B>Subject: </B>Re: Stocks: stops
mental or real<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>That is precisely the problem I have been
struggling with also. I am a Fidelity customer.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>I have a small account
at DLJDirect. They impose the same limitations.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I have decided that with over the counter stocks I use
mental stops and mental targets. I prefer big board
stocks.</FONT></DIV>
<DIV><FONT size=2>When can place a stop loss order I move my stops a lot
when my trade item moves in the right direction, but...</FONT></DIV>
<DIV><FONT size=2>For NASDAQ stocks it is nerve-wracking to watch like a
hawk for the move in the wrong direction. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>When there is a significant profitable move I often sell
half of the position (or cover half). If it is a really big
profit</FONT></DIV>
<DIV><FONT size=2>I close out enough of it to have a break-even and let the
rest run. This is good only for the right moves,
the</FONT></DIV>
<DIV><FONT size=2>hawk has to be alert and take brutal action when it moves
the other way. Tolerate no more than 5% loss if</FONT></DIV>
<DIV><FONT size=2>possible.</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT color=#000000 size=2>This is one of the problems facing
traders of equities. I wonder if some of the well informed
members of realtraders could comment on the relative merit of trading
futures verus equities in a short time frame. Take into account
average slippage, the ability/inability to use stops, comissions
and disregard contract size and other obvious factors and come to some
kind of objective conclusion as to which markets favor the small
speculator: purely from the standpoint of the "cost of doing
business". I would include L2 trading in this analysis
too. Can anybody come up with a definite answer ?</FONT></DIV>
<DIV><FONT
color=#000000></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Mar 13 12:10:15 1999
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Date: Sat, 13 Mar 1999 11:30:36 -0700
Reply-To: colinjhn@xxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Colin Johnston <colinjhn@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Advanced GET
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Kevin -- be aware of the XTL colors, i.e., red for downtrend, blue for
uptrend and black for no trend. Short entry setup should begin with your
observing a red bar; use of XTL colors for alert and entry is fully
explained in the program's various documentation and the software demo.
With best regards,
Colin Johnston
At 01:50 AM 3/13/99 -0800, Kevin Shin wrote:
>I tried to short S&P today between 10-12 (Chicago time) on 5 min chart with
>GET RT.
Colin C. Johnston
<colinjhn@xxxxxxxxxxxx>
Carpe Diem ...
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