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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (6541)	3/22/2001 8:05:56 PM
From: Jill	Read Replies (1) \| Respond to of 8925

Mike...talk to me about trailing stops up for stocks. Let's take rambus as an example. Let's say I'd bought Friday at 14 or so. And I trailed my stops up. Let's say today I trailed them up to 23. After hours its 23.50. But what if it retraces to 21 tomorrow and then shoots up further...or next week makes it back to the 30s etc... There's always a few points of volatility--do you simply do it by the bars (i.e. 2 bars below the last tick)...what do you consider a reasonable trailing stop that allows you not to get stopped out on a somewhat ziggy upward trend?

To: Michael Watkins who wrote (6541)	3/22/2001 8:05:56 PM
From: Jill	Respond to of 8925

Mike...talk to me about trailing stops up for stocks. Let's take rambus as an example. Let's say I'd bought Friday at 14 or so. And I trailed my stops up. Let's say today I trailed them up to 23. After hours its 23.50. But what if it retraces to 21 tomorrow and then shoots up further...or next week makes it back to the 30s etc... There's always a few points of volatility--do you simply do it by the bars (i.e. 2 bars below the last tick)...what do you consider a reasonable trailing stop that allows you not to get stopped out on a somewhat ziggy upward trend? How much do you take into acct psychology surrounding it, potential news, volume, etc----i guess the latter reflected quite clearly in the chart