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Earl well done for your discipline - the mark of a truely successful trader
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EarlA wrote:
I sold my SPX puts early in the morning of the 4th (Wednesday) ... was thethird time in a month or so where I ended up closing a profitable shorttrade for a small loss. I didn't like Tuesday's rally. I didn't like thefact that they were able to hold the second decline attempt a few ticksabove the first. I didn't like the fact that the time in Tuesday's rallyexceeded the time of the decline. And I didn't like thefact that the short trade had moved into the "hope" stage. All in all, asense that I was trading against the tape and they were going to take ithigher.My weekend analysis once again shows all the ingredients in place for asignificant correction, however I am undecided on action. I may look for ashort on a retracement and use emini to scalp a decline. I generally use thedeep in money SPX puts to do a short position trade and that has not beenworking.Earl----- Original Message
----- From: "Brad Cline" <bradcline@xxxxxxxxx>To: <realtraders@xxxxxxxxxxxxxxx>Sent: Saturday, June 07, 2003 2:08 PMSubject: RE: [RT] small lots
Earl, did you hold onto your OEX options with Fridays new highs?
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