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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Walter Thomi who wrote (34960)4/20/1999 10:06:00 AM
From: zero  Read Replies (2) of 120523
 
Walter: I work with both. I use a sell stop when I own a stock and can't watch it every minute. That would be a stop loss, and it is usually a STOP MARKET order.

I use a buy stop to enter a market at a selected entry point. For instance this morning I entered a buy stop (STOP MARKET) order for BVSN at 41, the theory being that if it went up at the open I could catch a few points. I got out at 45, since I have to drive my kids to school, but I could have put a stop loss in to protect a gain till I get back. A day trade, but a profit nonetheless.

I have also used stops for shorts etc. So far this has worked for me, but I hope I am always learning. We all need to develop a system that works for us, and what works for one may not work for another.
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