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Strategies & Market Trends : Trading For A Living

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To: jawd who wrote (687)7/6/1998 1:45:00 PM
From: ratan lal  Read Replies (1) of 1729
 
Great Strategy. I have been using this for over a year and works great. And everytime I violate this strategy, I LOSE.

I have modified it somewhat in the last week. Now instead of selling and getting out, I will, on a stock with big daily moves, place a STOP order to profit from any further moves up in the stock. I keep moving the STOP up with the stock and stay 1/4 below the Bid on Sell Stop.

It worked today on AOL. Bought at 110 13/16. Placed a sell stop at 111 3/4 then kept moving it up and finally got out at 112 3/4 as aol went to 113 5/8 and quickly moved down before I could place an order at 113 3/8
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