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Strategies & Market Trends : Position Trading Forum
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To: Fredman who wrote (6669)11/12/1998 12:45:00 AM
From: Nandu  Read Replies (1) of 7247
 
In my opinion, those who say you should watch positions all
the time is wrong. Surely y'all heard of Gary B. Smith.
He picks a short or a long based on TA. Enters an order
to buy or sell at the open. Once the order fills, he
enters a limit at 5% profit and a stop at 6% loss at the
same time (his broker allows this), and forgets the position
for a month. He has been making money, but can hardly
be called a buy and holder.
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