STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Todd P who wrote (1953)	1/27/1998 9:05:00 PM
From: Sergio H	Read Replies (1) of 2377

Todd, it depends on your trading style, risk tolerance, volatility of the stock, stock market conditions and other factors. One rule of thumb to use is to constantly move your stop up as the stock moves up and another good rule is to set a mental stop when you first take a position. Miles' post had some good points that you may want to concider. Experience will help you out the most. Start by using mental stops on all new positions and stick to them. Sell when your stop price is hit. Once you have a profit, move the mental stops up until you have enough profit to place an actual stop order. Sergio

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