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Sean,
I'm not sure where you have gotten this idea that you need to
trade (or we trade) in two contracts format. It would be your choice how
you trade your account. You may decide to go one contract at the low level and
another contract at the higher level. Then your argument may be
correct. But if you decide to go only one contract then you'd need to
manage your account accordingly. In my email I provide a range and tell you how
I keep track of the signals performance in advance. How you trade the market
between those two levels is up to you. The purpose of my email swing
advisory service is to provide some entry, stop and exit points.
What bothers me that you keep on discussing about trading two
contracts one at lower level and second one at higher level which I don't
know where in the General Guidelines I have said that. I hope you are not
sharing the signals with other people who might assume they should
trade two contracts.
Best, Ned
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Sean Cassidy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, September 16, 2002 1:11
PM
Subject: [RT] Multiple Contract entry
doesnt seem to make sense??????
In trying to reason through this....I would like
some comments. Lets say the market is at 880 on the S&P and i want to go
short at 890 and 895. One at the low end and another at the high end. Doesnt
that mean that all of my losers will be for 2 contracts and several of my
winners will only be for 1 contract. Fowllowing that....it would then seem
that if I had twice as many winners as losers I would only break even,
assuming a 10 point stop and profit target.
I am having a discussion with someone about this
and would like some feedback....although it seems obvious that with this
method a 67 5 win rate breaks even....before commissions.
An example
12 trades
8 winners at 10 pts
80 pts
4 losers at 10 pts but on 2
contracts -80 pts
Total
0
pts
SeanTo
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