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Strategies & Market Trends : From the Trading Desk

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To: Don Green who wrote (2278)1/17/1998 8:08:00 AM
From: Bazmataz  Read Replies (1) of 4969
 
New to thread but thought I would put a general question out there:

I've been getting more into trading/day trading recently and was wondering about other people's disciplines. MY discipline is to set stops at time of purchase and not change them for any reason. However, my stops vary based on number of dollars used for purchase and stock price. The relative percentage of each sets the stop.

Would anyone out there care to share their discipline in terms of percentage gains/losses at which their stops are set? I'm always looking to learn from others who have been successful. My LT holdings traditionally have done about as well or slightly better than my ST holdings, but my personal trends have been improving.

Anyone care to discuss?

BC
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