Berney; RE:" trailing stops "
>Steve, what's your view on trailing stops ?
I only use 'em on momentum frenzy-like tradez, Berney; eg., internet stocks or "story stocks" or something like that. I always sell too soon and close out at the end of the day, however - changing the STOP to a MKT order before the close. I'm not a very good momentum trader, though - Bob is really good at it, but I don't think he uses trailing stops but more traditional "tape reading" to exit.
Tried to short CWZ @ MKT 15 min before close today, but apparently there was no uptick, as DATEK failed to execute.
DIS was an excellent choice for a technical pull-back after breaking an UpTrend, Berney. If it opened up tomorrow, I'd dump it, but then I always sell too soon (^_^)
TraderBerney is hot hot hot !!!
-Steve |
