Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 695.16

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Jan 12 4:00 PM EST

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To: Dr. Stoxx who wrote (2443)	12/17/1998 1:17:00 PM
From: Dr. Stoxx	Read Replies (1) of 39683

TRADING SYSTEM UPDATE: In the interest of money management, I have been trying a new technique (new for me, anyway). Once a trade is executed, I set a 5% stop loss. But when the trade moves to 5% profit from entry, I sell half the position and reset the stop loss to breakeven. I did this for the APCC trade, though I pulled the plug early...and am now in BK with a bit of profit banked and a breakeven stop. Just a thought, in these crazy times. TC.

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