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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper
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To: RAK who wrote (128)2/3/1998 9:53:00 PM
From: Joe Sheets  Read Replies (1) of 438
 
RAK,

First day w/ 5 day; only one stock pick: MO- Sell Short at 42, Stop at 42 7/8(7/8 risk). Stock traded as low as 42 1/8. You could have tried to get hit at that point. You never can tell w/ paper trading shor sells because of the up-tic rule. If you had sold short there(42 1/8) and set your stop at 43(7/8 risk), you would have probably stopped out there for a loss of 7/8. The stock traded as high as 43 1/8. More tomorrow.

Regards,

Joe
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