1000% returns are cool !!! Message Board

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Non-Tech : 1000% returns are cool !!!

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To: johnsto1 who wrote (2112)	6/29/2000 4:11:00 PM
From: If only I'd held	of 3326

I would like to take a minute to mention those 10% stops again. In the case of PXLW, we entered at 20-1/2. If a trader set a stop of only 1/2 a point, they were stopped out 1/2 hour before the close, only to see the stock return to their entry point. A 10% move is rather significant in most stocks, so by setting stops like this, you are less likely to get stopped out and nickled and dimed to death in commissions and small losses. It is up to everyone to determine what is the best stop for them to suit their style of trading, but my suggestion is....if you cannot afford to take a 10% loss on a position, consider lowering the size of your position until a 10% loss is more comfortable. As the stock progresses up or down, you can make a better decision as to how much money you want to throw in. Just wanted to say something about the subject because I watched those scumbags chase down those stops at 20. To have dropped the stock down to the mid 18's wouldn't have been quite as easy for them though. They would have had to literally PUSH the stock down, which would have meant they would have had to sell their stock to do it. That's why I like the 10% rule in most cases.

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