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 4:03:33 AM
From: sixty2nds	of 13449

The following is from The Daily Worden report dated 10/24/04 It is subtle. It is easy to use. It is very effective ... "Start out with a loss-cut of your choice, based upon how much you are willing to lose. After you are once 10% ahead, don't ever give back more than 66% of your profit. After you are once 20% ahead, don't give back more than half your profit. After your are 50% ahead, don't give back more than a third of your profit. You can tinker with these percentages and mold them to your own objectives and temperament if you want to. But after you're once 10% ahead, PLEASE don't ever give back all your profit. Set a loss-cut and punt when you have to. -DW" ...(DW = Don Worden)

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