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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (156986)5/6/2009 1:47:16 PM
From: jrhana  Read Replies (2) of 312688
 
Interesting trading with AIG. My son bought it $1.35. He had a fixed stop loss in at $1.69 this morning which did not get hit. So I just entered in a trailing stop loss for him. As the bid rises the stop loss is automatically raised to stay 6 cents behind the bid. So his stop was at $1.71 is now $1.78. And the stock is plenty liquid so he should get out easily when it goes down at who knows what price.

Edit My son is much better at this stuff than I am.
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