Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: The Devil Dog who wrote (1826)	12/16/1998 9:06:00 AM
From: the Chief	Read Replies (2) of 4467

My approach. Stops are a product of what you expect for reasonable profit. If I buy a $5.00 stock I want as a minimum a .30c profit....so I put my stop at $4.70 If the stock starts upward I follow with a trailing stop back .30 until it gets to $5.30 then I will look at the momentum if it looks like it will go higher I let it ride a little longer...but I TIGHTEN MY STOP to a .10c tolerance. If the stock gets to $5.40 then the stop stays at 45.30 no matter what....then I just look for an exit! the Chief

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