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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Rick Storm who wrote (46905)	5/17/2001 11:15:48 AM
From: kdavy	Read Replies (1) \| Respond to of 70976

Rick, When the trading channel changes, I establish new points for entry and exit. Generally my entry point is 10% drop in my stocks. Yes, I do get stopped out a lot. Since, I rely on past experience, charts and gut feeling, I have found that I am wrong about 50% of the time. I use this experience to maximize my gains and minimize my losses. If I can improve my odds, say 75%, then I will increase the range of stops. I have not found a way yet to improve the odds, until then 2 point stops have worked for me really well. Under the present circumstances if I increase the stop range (say 4 or 5 points), I will end up losing money. I use three stages for trades starting with 10% down, 20% down and approximately 30% down. Yes, in a down market I get stopped out several times. But I always have money to trade, it is not tied up. regards, kdavy