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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: GTC Trader who wrote (64619)	2/26/2001 11:33:12 PM
From: Little Joe	Read Replies (1) \| Respond to of 116762

Happy: A pyramid can be roughly described as follows: Lets say you open your position with 4 contracts. You place a close stop. If the market moves in your favor you add 3 more cars to your position and move your stop up. By now you are likely very close to break even. If the market continues to move in your favor you add two more contracts and raise your stop at which time you are probably showing a decent profit, even if you are stopped out. If the market continues to move in your direction you add your last position. Keep your stops close and if the market keeps going your way, you have 4+3+2+1=10 contracts and big big profits. Have to have discipline and the ability to take small losses to do this. Little joe