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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: shamim a ansari who wrote (27215)	10/11/2002 11:52:34 PM
From: DaringDon	Read Replies (2) \| Respond to of 39683

Shamim: I was the one using a trailing stop on QLGC. I set a 50 cent trailing stop. You can set a trailing stop in any amount you want. For example if QLGC was at 22.50 when I set my stop, the stop would be at 22.00 (50 cents less than the price). As the stock moves up, as QLGC did, the trailing stop moves up, penny for penny. QLGC reached a high of 22.85, so my trailing stop climbed to 22.35. When the stock falls, the trailing stop does not move down. When QLGC hit 22.35, the trailing stop was hit and I was out. This also works if you are short, as the trailing stop would then be higher than the price of the stock. Hope the above, helps you understand trailing stops. Don