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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: CynicalTruth who wrote (797)4/21/1997 8:48:00 PM
From: David R. Evans   of 3325
 
Hello John,

If your system is any good it should be telling you when to sell also.. I have always said that the money is made on the sell, not the buy.. You have no profit until you sell..

With that said let's get back to when... If you are using StochRSI (14) to enter you could also use it to exit. You buy when it crosses up through 30 and you sell when it crosses down through 70. If you are using an oscillator you should buy above 0 and sell below 0.You also have your stops in and you keep moving them up so you cover your profits.

If you discover that your system is not getting you out at the right times OR you are not following it's sells, you need to develop another exit. You should always know why you are selling BEFORE you buy.. A good test is to ask yourself why you are buying or selling the stock. If your answer is not based in fact maybe you should not be doing what you are about to do.

Dave Evans
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