|
PureBytes Links
Trading Reference Links
|
MB,
A wise old trader's axiom is, "when in doubt, stay out". You have told
us that you have already made your fortune, so why bother worrying about
it? If you don't see an excellent opportuntiy, go on vacation or read up
on good manners.No body makes one trade. It is not a 9 to 5 job. Ok, you
can punch out now .<G>
Relaxingly,
Norman
Mark Brown wrote:,
> Hello RealTradersList,
>
> I want to get long the SP here going into Y2K, so soon this week I am
> going to get long the SP prior to Y2K thinking that the non event will
> cause a run strait up afterward.
>
> However I'm not stupid and so I have figured that maybe I should go
> short now first the futures and sell a put against my short position.
> Then thinking that the markets explode slower up than down I will
> maybe place a buy stop above our recent high to force me into a long
> position which is what I wanted to do in the first place. When that
> happens I'll take the loss on the future hold the put to expiration
> and then when I flip the short future to a long position I'll sell a
> call against my now long future position.
>
> Or I could just buy an in the money future option and sell an out of
> the money call. Placing then a sell stop, which should probably be 20
> points above where I actually want to be filled. That way I'll loose
> the money on the purchased call, collect the short call premium on
> the call I sold. Then be short the future, which I will sell a put
> against somewhere in the free fall of the Y2K dilemma.
>
> I generally hate to buy calls or puts and in my entire career Ii have
> never bought a call or put of any kind on any commodity. I have chosen
> only to sell them, but I may give it a shot this time.
>
> I may just say screw it no guts no glory and just buy the SP futures
> and be done with it. Preparing myself for a 13+ percent stop loss I
> would be willing to take. Which would be around the mid 1200 level.
>
> Bright Ideas? I'm all ears and running out of time. Mark
>
> --
>
> o©º°¨¨°º©[ WWW.MARKBROWN.COM ]©º°¨¨°º©o.
>
> <(©¿©)>
|