Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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Feb 6 4:00 PM EST

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To: shamim a ansari who wrote (27220)	10/12/2002 12:16:11 PM
From: DaringDon	Read Replies (1) of 39683

Shamim: Probably not. It really is a floating stop. If the market triggers your stop (or trailing stop) it means that it will cover your stock at the market price, not necessarily at the stop price, if the market is moving fast. I have never had one drop 80 cents away like that. You could use a stop-limit, which is your stop price combined with a limit price that means you'll cover in between the range of the limit price and stop price. The drawback to that is the market can blow by your limit price just as quick as your stop price and you will still be holding the shares (long or short). I hope I haven't confused you. Don

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