DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Richard Estes who wrote (955)	6/18/1999 12:35:00 AM
From: Judy	Read Replies (4) of 18137

Richard, excellent posts!...as usual. Great for organizing thoughts and generating more. Anyone: May I ask for some clarification of the statements "cut your losses and let your profits run" and "have a plan and trade the plan". It seems to me one contradicts the other as to having a clear cut exit point at the time of entering the trade. Plus, some say % - some say points - neither "let your profits run". I know it is contingent to some extent on the time frame for the trade. Most probably I am missing the obvious on how these two statements can be made and followed at the same time. TIA Judy

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