Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Michael Cash who wrote (9250)	11/7/1998 10:31:00 PM
From: Triffin	of 119973

Some thoughts on stops... For me "when" to set my stop is more important than "where" .. "time" stops are more important in short term trading than "price" stops If you are day-trading you tend to be fairly precise about your entry points and what price movement you immediately anticipate.. if the price movement doesn't occur in either the direction or time frame you had in mind then close out the trade immediately. The GERN trade going in was an "overnite" trade..I'd have stayed with it regardless of the price action after entering the trade. Price stops are appropriate for longer duration trades especially if you do something else during market hours. Jim in CT..

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