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I don't understand you message about waiting for Sept SPoo's to move a certain
amount/direction before rolling over to december. Could you not simply close
your Sept position and simultaneously open a December position. Clearly there
are slippage and commission costs but that will occur whenever you roll. What am
I missing here? Thanks.
JCDuffy@xxxxxxx wrote:
> Please see Comments Below....
>
> ===============================
> << << good morning
>
> i hope you had a chance to roll into the dec contract
> if not today day traders can sell short when spoos are up 5-7 points
> position traders can use today sell off to go long spoos when it is
> down
> 14-20 to go long for a target of 35-40 points
> regards
> ======================================
> Ben >>
> good afternoon
> sorry i missed the short trade in the late morning by 1 point and the
> long trade
> in the afternoon by 3-4 points >>
> =======================================
> Ben, not sure of your intentions, but I hope (and don't think) you were
> criticizing.
> These "misses" just prove once again how very close most of these forecasts
> from Profittaker are. I have no idea who he is, but by the consistentcy of
> his market calls, I do know to be on the look out for his views. His is a
> forecast of support/resistance and direction only. It is not his
> responsiblity to determine your risk tolerance. It is certainly not his
> responsibility to tell you for free, things it likely took many years and
> many thousands of dollars to learn. I hope he continues to generously share
> and thank him for it. If you can't use a tool like Profittaker who is right
> most of the time, then don't blame him for what you have yet to learn. For
> some, he is the best of RT.
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