Hershey's journal

Roger Hershey · Jun 24, 2003

I'm starting a trading journal.

I want to sell S&P 500 index futures ($250 per point). I want to sell 1 @ 990, 1 @ 995, and 1 @ 1000.

So, if it goes over 1000, I will be short 3 contracts. These sell orders are good til cancelled.

splphil · Jun 25, 2003

The best of luck!

Phil

Roger Hershey · Jun 25, 2003

sold 1 S&P futures @ 990 (great trade!!!!)

overnight position: short 1 @ 990

for thursday, sell 1 @ 985, and sell 1 @ 990.

So if it goes over 990, I'll be short 3.

vanilla2 · Jun 25, 2003

are you basing these levels on any sort of range analysis within the context of a larger trend?

Roger Hershey · Jun 25, 2003

Quote from vanilla2:

are you basing these levels on any sort of range analysis within the context of a larger trend?

That's exactly what i'm doing! I'm counting on the end of the quarter ramp up job to keep the prices up long enough for me to shorten up.

Roger Hershey · Jun 26, 2003

sold 1 more @ 985 on thursday. Now we are short 2.

6/25 sold 1 @ 990
6/26 sold 1 @ 985.

current position: short 2 @ 987.5 (average price)

For friday: hold this position thru weekend.

Roger Hershey · Jun 26, 2003

All are welcome to participate in this journal.

It will be one of the very few profitable trading journals here.

I look forward to large profits, but not huge.

rlb21079 · Jun 26, 2003

under what conditions would you exit this trade?

Roger Hershey · Jun 26, 2003

Quote from rlb21079:

under what conditions would you exit this trade?

Very fair question. The S&P 500 index would need to hit a new high. I'm leaning towards placing a stop loss @ 1020.

Roger Hershey · Jun 26, 2003

position: short 2 S&P 500 futures @ 987.5

Buy @ 950

Stop loss @ 1020