BreakWatch. (End of Day Studies for Tomorrow's Trading) Message Board

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Strategies & Market Trends : BreakWatch. (End of Day Studies for Tomorrow's Trading)

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To: Joe Pistell who wrote ()	8/23/1999 8:20:00 PM
From: Joe Pistell	Read Replies (1) of 47

Sell Stops and Money Management These signals often (but not always) close higher than the BreakWatch point 5 days after the signal. Money Management tip: Historically speaking, a sell stop placed just below the "day prior's low" is a safe place to put a stop on a breakwatch stock. Nearly all of the random movements that I have seen (post breakout signal) are contained in this price zone. Work the Trade BACKWARDS: How much are you willing to risk? Many traders say less than a few percent. This amount is up to you. Remember the real game is to live to trade again yet another day! For ease of figuring, let's say your max loss is $1,000.00. Lets trade VDAT. Example: VDAT Sell Stop around: $9.25 BreakWatch Price: $10:38 Difference: $1.13 Max Loss: $1,000 Shares to buy: 885 WIth a 2% loss, then you know that you could have more than 100 losers in a row before your out of biz (and even my bad luck isn't that bad!). G'Luck, Joe

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