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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: eaglains who wrote (7201)1/17/2006 1:59:59 PM
From: chowder  Read Replies (1) of 13449
 
Ameritrade only accepts one stop or the other.

>>> If it is the case that only one stop can be entered, which is preferable?

It depends on the condition of the market. It depends on whether you can monitor the trade intraday or if you are going to be away from the computer.

I may have a stop limit in and change it to a normal stop if I have to run errands or wish to take a nap.

There isn't any hard and fast rule. You must keep a journal and track your trades. Then determine which strategy worked best for you.

dabum
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