|
PureBytes Links
Trading Reference Links
|
This is a re-send following a communication from RT that I must change my
account details. How I hate computers! All I want is form them to work,
so I can trade. It's not a lot to ask. I drive a car and don't need to
understand a thing about it... why not with computers. Don't answer...
I sent a gif file for Stewart and others to see, but I never got a copy.
Did it get through? In case it is relevant, it was 42KB according to my
Sent File.
It was designed to show, looking at yesterday's and today's action, what
the situation would have been had you bought where you should have sold -
today being a lovely down day, with down day retracements and worth,
overall, a minimum of a big point per contract.
If anyone wants to see what should have got through, but might not have
done, let me know and I will send a copy.
Meanwhile, let me say that trading with stops is vital, but exactly how you
activate those stops is another matter. The guys who think they will be
protected from the big hit are very wrong - it is much more likely that
they will take the worse fill and suffer badly. The only 'long stop' which
is likely to work is an option. As for normal swings in the bonds, you are
looking at 8-10 ticks and usually several breathing places in between, so
you can deal with your own stops, in your own manner and with your own
price most of the time.
Like most things in the market, it is a matter of opinion and the ability
to execute.
In haste, it is supper time in England!
Bill Eykyn
www.t-bondtrader.com
|