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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	2/8/2002 11:12:54 AM
From: Joe Stocks	of 787

Nemer posted this yesterday on another board. I always think it interesting to see other trader's trading criteria. What I thought was interesting is #1 or "a" is "set a stop". Something I always do before I make a trade is look a what my exit strategy will be if the trade goes against me. Anyway, I thought it interesting to share. Joe From Nemer.http://www.siliconinvestor.com/readmsg.aspx?msgid=17026995 >>>>>>>>>>>>>>>>>>> here is my method of trading ..... a) set a stop b) buy c) move the stop, as frequently perhaps as minute by minute d) stop is NOT set as MIT e) set an ALERT figure as a prestop kinda dealie f) alert stopper IS set as MIT g) IF stop is hit and holds there or below for just a tad ------ THEN aa) sell h) IF stop is hit and does NOT hold there or below ------ THEN bb) the whole position is put on RED ALERT and ANY signs of weakness makes for a sell A) losses will be many, quick, and small B) profiteers will be let to run - ------- BUT AA) stops will move UP with the profit ------------BB) and profits will NEVER be let to turn to losses and this can/will/would pose an accounting problem for Dan I am considering a posting a separate Zfolio and me doing the bookkeeping stuff ... but don't know if I'm willing to do the work myself, to tell the truth ..... or for that matter if I'm online enough to make it function .....

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