LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Jay Lyons who wrote (541)	9/22/1998 10:07:00 AM
From: Thomas Sterner	Read Replies (1) of 43080

<<2. If the trade starts out negative, I'll give it 1 point to retrace before I exit.>> Jay, Good rules! My only comment is that I would determine a stop loss on percentage rather than points. I set my stops at 3% to 8% depending on the market and the particular stock. There is a big difference between 1 point on a $90 stock and a $10 stock. Tom

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