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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: PT1950 who wrote (13870)11/19/2015 6:35:11 AM
From: Joe Highlander  Read Replies (2) of 14340
 
I did not quite understand placing stop after doubling up (the $s, not the shares). If at the time of doubling up you have profit on all the shares about 30%, you still put the stop at the cost basis level? Will you give the total shares that much breathing room? To my thinking giving separate stops to the added shares would be simpler. Don’t take a loss is understandable but being ready to give up all the gains regardless of profit cushion size?

Best Regards
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