TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: shasta23 who wrote (453)	5/20/1998 5:20:00 PM
From: TATRADER	Read Replies (1) of 59879

Stefan, I would rather not discuss WAVX at this point....In one of the books I read recently, it stated to never give out the positions you are long on nor ideas of how you will trade these stocks...I don't think any market makers bother to read this thread, but you never know...The key is to have an edge, you lose it if you give out too much information... Every trader differs on protective stops...Basically, once I enter a position, I put a protective stop 3% under entry point...If my stop gets taken out, it shows me my timing was off on entry point...Namely, I bought at the wrong time...Once the stock moves up 10% from your buy point, move your stop up to your entry point..... Then it is a matter of preference as to how you will set your trailing stop as the stock continues its ascent.....You might use a percentage below the stocks present price, or you might put the stop a couple of tics under the day's low.....I believe Cooper likes to put his protective stops below the day's low... Regards, Mark

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