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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (37001)	11/5/2001 11:56:01 PM
From: velociraptor_	Respond to of 37746

My style of trading doesn't advocate using trailing stops often. In fact, I rarely do. Finding the exact top or bottom is not a 100% science so I am early at times. However, what I have noticed is that if I set a stop, I can get taken out on a overshoot if I am early and then I start from in the hole. If I had held on and rode the overshoot, I could have closed out at breakeven or even at a profit, and at times, I may even have had the opportunity to add on at higher levels for shorts, lower for longs. It's all about management. If you don't put too much in one stock, you can easily ride them, but my picks are usually successful, whether I have to wait 1 day or a few days. If you are on intraday trader, than using trailing stops might be a benefit, but it doesn't suit my style. Yes, I do have positions run against me occasion but I can also tell you that I rarely close out a position at a loss. And when I do, it's on the next retrace and I use profits from other positions to offset the loss so I end up ahead still. Again, it's all about proper management. It all depends on your style. Since, Oct 17, I have taken a running tally of positions as they are closed from my subscriber site. Gains number 52 points and losses taken at 2 points.