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In a message dated 4/2/99 2:18:27 PM Eastern Standard Time,
lswope@xxxxxxxxxxx writes:
<< Regarding Norm's and others' suggestion of longer terms trades:
I'm coming around to that point! I sure was ready to give up the stress of
scalping! My new system sees the trades. I believe this system will suit
my personality. All things point to go, but I've been afraid to pull the
trigger for one reason. I'm afraid to hold anything overnight. A stop
won't protect me from a major move overnight against me.
Help me face that fear and I'll be ready to go!
>>
HI
As i menthened to everyone before it is simple
if you are long sp@ 1300 you buy the 1295put
this will give you ALWAYS a max loss of $1250
and a week later when sp500 is 1.6% higher you sell the put at a small
loss(it has life to 6/18/99).
hope this helps
Ben
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