The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: David who wrote (3009)	2/16/1998 2:42:00 PM
From: Steve G.	Read Replies (1) of 12617

>>The trader on this site makes his gains with 1/4's 1/2's and sometimes larger gains. The reasoning that if you are looking for 1/4's and 1/2's you should place 1/4's and 1/2's for stops is faulty. You must analyze the trading range for the stock for that day.<< Interesting, the person is willing to lose 2% to make .5%. I agree that giving up 1/4 to make a 1/4 in not rational, but neither is loosing $1 to make 1/4. Sounds like the downside exit is set, but no real rule as to when to take profits. I am in the same boat; I also try to limit the downside to some factor of avg daily range. However, if I am willing to let the stock run down $1, it better be ready to do better than 1/4. Steve

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