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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (6664)	4/24/2000 4:51:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

Found it! The trailing stop method I've been looking for is called "parabolic SAR". Actually, george patton has been talking about this with me via PM, but I didn't realize this was the same as my "exponential trailing stop". For a description go here: equis.com Will incorporate to try to salvage my SCH trades, TC.

To: Dr. Stoxx who wrote (6664)	4/30/2000 11:06:00 AM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

SCH UPDATE: Opened 3/9/2000 trading 200 shares (50% margin) with a $5000 account. Buy-and-hold purchase price: $44.5 per share Update totals: 1. Long: 44.5 to 51 $1280 in 3 days 2. Short: 51.125 to 48.75 $455 in 2 days 3. Long: 48.8125 to 53.75 $967 in 3 days 4. Short: 53.625 to 54.25 ($145) in 2 days 5. Long: 54.3125 to 62.5 $1617 in 4 days 6. Short: 62.4375 to 60.188 $430 in 3 days 7. Long: 60.25 to 60.875 $105 in 2 days 8. Short: 60.88 to 59.56 $244 in 2 days 9. Long: 59.56 to 59 ($132) in 1 day 10. Short: 59 to 59.375 ($95) in 2 days 11. Long: 59.25 to 56.9 ($490) in 1 day 12. Short: 56.9 to 53.25 $710 in 2 days 13. Long: 53.31 to 56.88 $694 in 2 days 14. Short: 56.88 to 56.25 $106 in 2 days 15. Long: 56.25 to 55.88 ($94) in 2 days 16. Short: 55.75 to 41.25 $2880 in 4 days NOTE: from trade 17 on, trade size = 400 shares 17. Long: 41.25 to 44.25 $1180 in 2 days 18. Short: 44.25 to 44.5 ($120) in 2 days 19. Long: 44.5 to 43.75 ($320) in 2 days 20. Short: 43.75 to 44.25 ($220) in 1 day 21. Long: 44.25 to 45.625 $530 in 2 days 22. Short: 45.625 to 48.188 ($1045) in 2 days...ouch! 23. Long: 48.88 to 44.5 ($1772) in 1 days...mega ouch!! At this point I stepped out of SCH until I could find a way to minimize the sort of whipsaw trades that kill profits. In this way I managed to sidestep the next two signals which were also losers (Short: 44.5 to 45.75 and Long: 45.75 to 44.625). But since other trades are going well, I then decided on Friday to get back in, only now trading the folling way: 400 shares to open, 200 pulled out at $1.50 profit (limit order), and the rest out at the close of trade. But if profits dip below $5000 (100% return), then SCH will be closed again. 24. Short: 44.625 to Total Profit (closed trades only): $6765 (135% gain in about 6 weeks!) Buy-and-hold Profit: breakeven!