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Strategies & Market Trends : Rande Is . . . HOME

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To: OpusX who wrote (12983)	9/30/1999 12:59:00 PM
From: Kevin Shea	Read Replies (1) of 57584

Robert.... hard to suggest the "best" stop... your choice has more to do with your risk aversion and planned length of hold .... in a tight market such as this with a lot of downward pressure, you could be hurt badly if you let it go..... you might want to decide on stop as a % of portfolio (say .5 -1% or dollar value say $500 -1000 etc)... personally I set them VERY CLOSE since it forces me to make good entry decisions.. that is if I get it wrong I know immediately... It also depends on your time frame i.e. day or intraday e.g. 17.975 may be a choice if you wish to stay in for a longer time since that is the last low...setting under the low if also a strategy that works since it puts you under support and take you out if support is broken...HOWEVER.... stops can be taken out by MM because they can see your stop, dip the price, take you out, then move it up.. happens. For NPNT I would likely place a stop just under the 60 min 20period MA since I used that as a primary entry signal.. Stops can save your ---, but they can make you look stupid too!

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