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The best advice always bears repeating.
I've knowingly violated these simple rules and gone debit three times! And
after having shown some consistent profits by following them!
Thanks for the reminder,
Dennis C.
----- Original Message -----
From: James Alvis <alvishsd@xxxxxxxxxxxxx>
To: RealTraders <realtraders@xxxxxxxxxxx>
Sent: Thursday, October 26, 2000 11:40 AM
Subject: [RT] Fw: Limit Down Bounce
>
> > You might want to consider the risk of buying at limit down in volatile
> > markets, anticipating a bounce. Even if it works nine times out of ten,
> the
> > tenth time can bury you.
> >
> > By the end of the day in the Crash of 1987, many locals who stubbornly
> held
> > to their habit of buying breaks, had to sell not only their Porsches but
> > also their CME seats. Will it happen again? Without doubt. Will most
> > traders see it coming or even recognize the danger as it unfolds? The
> > markets have a nasty habit of regularly surprising the majority,
including
> > some traders that are supposedly the most knowledgeable and
sophisticated.
> >
> > Consider the risk/reward. Preserve capital. Trade against a strong
trend
> > only with great care. The markets will always be open tomorrow for
those
> > with the means to participate.
> >
> > Regards,
> > Jim Alvis
> >
> > ----- Original Message -----
> > From: "Randall Kurzon" <rkurzon@xxxxxxxxxxxxxx>
> > To: "Omega-list" <omega-list@xxxxxxxxxx>
> > Sent: Thursday, October 26, 2000 10:38 AM
> > Subject: Limit Down Bounce
> >
> >
> > > I have noticed that almost every time the SP or the ND are halted at
> limit
> > > down it is followed by a bounce. I've been watching that for the last
5
> > > years and as far as I can remember there have been very, very few
times
> it
> > > does not bounce. Any comments as to the reliability of entering a
> position
> > > right after the market starts trading again from limit down?
> > >
> > > Randall
> > >
> > >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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