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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Al Collard who wrote (2245)11/3/2001 1:44:08 PM
From: Vitalsigns  Respond to of 2773
 
How about keeping the # of trade rules the same but letting participants put in stop loss points at the time of their buy or short. That should eliminate some of the horrendous
losses occurred on the thread. JMO


Actually I have no problem with that at all.

If you guys want to add a Stop loss figure to your entry figures I will be more than happy to oblige.

The stop loss will act the same way it works at the brokerage , in that they will be stopped out at Market and priced as best price executable as I have been pricing recently. In some cases the price is better than the price of the first 1000 shares traded after the stop. in other cases, the price is worse than the first 1000 shares traded but in most cases the price range is within $0.05 cents .

example of Stop Loss Entry ,

Buy 1000 CLS $54.00 Stop loss $52.50

I will require you to monitor the trade once in a while to make sure I havn't missed the kickout. but it should be easy enough to keep track of.

Thanks for the Idea

Actually i will change the New rule to 3 Entries per day , and add the Stop loss entry rule to it as well. Good Idea