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Please disregard my reply. I thought that was a private
email to me.
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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