Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: rchlrvn who wrote (9603)	5/10/2006 12:40:26 AM
From: hubris33	Read Replies (1) of 13449

rchlrn - Hey thanks for that perspective on protecting profits! I think I'll give it a try and see if I can find something that works to my advantage over the long haul. So far most of my trades have topped out in the 4% to 6% profit range just off of the targets. This is the hardest area to set stops for IMHO. A number of times I've set a tightish stop and secured 3% to 4% profits other times I've let the profits run on a longer leash and netted only 1% gain. But I like the idea of setting a maximum 'loss' on the high of a trade. Also scaling out of a trade sounds like an interesting strategy as well. Does that work OK with odd lot trades? What? You are an 'all-star at picking pivot points for your stops? <ggg> I thought I was the only member of that club! LOL! Been there, done that...and that is why I'm looking for something better! Thanks again! H3

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