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Hello Ben,
I do not have that many trades in which I am stopped out and win % is
higher than loss %. Most important is my OCO option which I take now
that I trade full time or as I desire depending upon market
conditions.I am currently revamping my system as you may have noted
in previous posts, allocating only 5% to it. It lost $750
yesterday.The high stop loss has kept me out of trouble for years and
many of my previous systems which had no stop loss were even better
for long stretches but non-manageable when I was practicing full
time.The OCO option in a MOC system works best for me and that is the
main reason I do not market it.
I have posted my best and worst years and have admired many of your
approaches.
Yet I often do not see how you make money on many of your action
plays because you rarely if ever report any lickings you
take...nothing personal just surprised to see this discussion in
public forum when you could have easily mailed me privately...it is
not like we do not know each other and that the question is self-
answerable...I think.
I reallocated my index funds just right yesterday and may reenter at
the close.
And yes I am having a fine day all told and hope you are doing the
same.
With respect and sincerity,
John
------------------ Reply Separator --------------------
Originally From: profitok <profitok@xxxxxxxxxxxxx>
Subject: Re: [RT] S&P Day Trading
Date: 03/20/2002 01:52pm
hello john
I can not see how you can make money if your profit objective is
SMALLER
than your stop loss
nice day
Ben
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 20, 2002 6:44 AM
Subject: [RT] S&P Day Trading
>
> My system has not performed at max this year so far and I am doing
> adjustments to current market conditions mainly related to
psychology
> of the market and ranges. I am still trading it at a low contract
> levels 5% of asset allocation. After debugged will step up.
>
> Adjustments being made.........entry and exits not limited to Level
2
> and 3 Supports and Resistance.
>
> Widen trading ranges..............expected today [1179 to 1183] sell
> points [1165 to 1169] buy points. No trade if total range beyond
> 1183 to 1165 at open.
>
> My personal stops are $3000 ; min profit target $2000 ; trailing
stop
> once $1500 profit reached is $750 ; MOC or OCO if tweaked.
>
> John
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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