Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: sixty2nds who wrote (9579)	5/8/2006 8:29:45 PM
From: hubris33	Read Replies (3) of 13449

60, your stop moves on EP are interesting and I wish there were more discussion of stop loss rationale/strategy here. FWIW I note that EP made a 3.5% gain today on higher than normal volume, but less than the previous day's volume. Volume has got to be telling part of the story. Usually price rising on decreasing volume is a sign that there are fewer and fewer buyers emerging to drive the price higher. How long can EP sustain this near vertical move, especially without buyers? When will overhead selling pressure emerge and will it have enough power to fill the gap? Does 'professional' money chase these breakouts or do they wait for a pull back before entering? Do you have a target for EP and an order in place that would capture that target price if reached? Finally, it is probably just me, but I don't understand: when one is up 6.8% on the trade, why one has a stop set at loss and not locking in at least some profit or taking at least part of the position off the table at 6.8% profit? You'll never go broke selling for a profit. <g> 60, I'm excited for you for the gain, but don't understand the selling approach. Can you help me understand? H3

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