Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: OpusX who wrote (42575)	12/20/2000 8:34:56 AM
From: Chip McVickar	Respond to of 44573

I like wide stops when placing entry contracts. The GTC stop was lowered to 1342.00 after the move developed. That was about a 50% retrace for the move at the time. I will lower it this morning to reflect a 50% move. Today is a hard day for the position player, because some kind of bounce usually arrives. At that time I'll need to measure the strength and either add on or exit. With the stop i place, I'll watch the bounce for strength and may add on or exit earlier...? Have to wait and see. But I've got a target. Nice Trade OpusX