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Strategies & Market Trends : DAYTRADING FUNDAMENTALS Real Time Stock Picks&l

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To: Eric P who wrote (844)	4/25/2000 10:11:00 AM
From: David Loomis	Read Replies (1) of 871

I just finished reading a book by Tharp called Trade your way to financial freedom. One of the concepts mentioned was stops. He mentioned ATR, average Trading range, a 10 day moving average of the trading range (hi minus low). His monetary loss was set to 2% of trading capital per trade. So if the ATR was 2 points, he would set a stop $6 below his entry. The number of shares purchased would equal 2% of capital divided by $6. Does this make sense to anyone?

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