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Strategies & Market Trends : Don't Drink the Kool-Aid Kids
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To: Stoctrash who wrote (12)2/20/2001 10:19:26 AM
From: bozwood  Read Replies (1) of 1063
 
I am not really a disciple of the Gorilla book or "TFM", but I keep an eye on them and have thought for sometime that a methodology for trading these stocks would be an idea worth checking into. I have never been comfortable buying and holding, so I am always looking at methods to reduce risk. I think simpler is better so how about something like:

1) Keep a list of Gorillas and buy those that move, for example, above their 20-day high.
2) Place an initial stop at 10%.
3) As soon as 10% profit is made, move stop to breakeven.
4) Trail a stop at 20% from the high as the stock moves up from the initial 10%.

Thoughts?
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