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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Nemer who wrote (2310)	8/24/1998 1:11:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

I think this is somewhat of the same thing Pat does with the stop > Something like that. I actually modify the approach depending on various things....my availability to watch, what I think of the market and the pattern, spikes, theoretical targets..... Generally the one thing stands out. That is, I must move the stop up to breakeven as soon as possible. Whether the market is 2 points in my favor or 4. I never let it get more than 4 points before putting in the breakeven. If the market is unclear (to me) as to direction then it's closer to 2 points. I rather "miss" it than get the "H" word on the trip back. EDIT I'm starting to get interested in the long side around here, BTW.

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