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In a message dated 2/1/00 10:31:29 AM Eastern Standard Time, ist@xxxxxx
writes:
<< How many futures were you long? Ira
>>
Hello
the way i enter a trade is BUYING up
I start with 1 SP 1 nyfe 1 DJ and 1 ND
the buy stop for long is 34 50 55 and 89 hours of expo m/a
this applies to the index with the strongest rsi (for early entry)
I add a second set of 4 when the daily 13 21 34&55 expo m/a are
on a close above the averages
BY the time i am long 12 is when the trend is in full force and close
to being overbought
I never stay naked overnight without short calls (100-150 points out of
money)
and long puts 25-50 under the ORIGINAL buy stop
my Max position is 3 SP 3 nyfe 3 DJ and 3 ND
(which is when i roll over from DEC to march)
hope this helps
Ben
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