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Strategies & Market Trends : Lizard King's Trading Swamp
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To: Tom Griffin who wrote (4709)2/25/1998 5:07:00 PM
From: Kevin Hay  Read Replies (1) of 7396
 
newbie question: How do you determine what your stop
loss will be when you get into one of these short term trades?

As a general rule, I don't build a position unless I can afford
2 to 3 buys, be it short or long. But if you pick a dog this can
really kill you.

Pardon the beginner question, but I'm interested in doing some
of this kind of trading.

Actually, I just switched from long to short on VLSI, hoping to get
a little hit. But even on this, I'll average my short position if the stock
continues up....

thanks,
-Kevin
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