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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Nimbus who wrote (17180)10/28/2001 8:57:04 PM
From: axp  Read Replies (1) of 18928
 
I tried to use stops instead of sells when I first started AIMing because it appeared that one could "let the winners run" that way.

In practice it didn't help often enough to justify the extra work of managing the stops. High volatility is one of the selection criteria for AIM stocks, and the same volatility is what takes out the stop order.

I found the risk of missing a sale by waiting for the price to increase enough to place a stop outweighed the possible improvement in selling price.

However, I do use one informal rule about when to buy or sell. If it's the first transaction in the opposite direction, I use a good-till-cancelled order at the AIM recommended price. On successive trades in the same direction I check for AIM trades in the last 15 minutes of the day, assuming the AIM waiting period has expired. I haven't studied it, but I've been very happy with the prices I've gotten this way and it frees me from having to watch the ticker all the time and fret about when to buy or sell.
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