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

To: Dr. Stoxx who wrote (27219)	10/12/2002 12:28:23 PM
From: DaringDon	Read Replies (2) \| Respond to of 39683

TC: I don't see the ability to put in a percentage or a monetary amount. I calculate the 4 and 5 percent by hand. Since it is a trailing stop only the 4% could be used in it. The 5% figure would still have to be used as a Limit (Buy or Sell Cover). I do set up 2 covers, a minus 4% figure and a plus 5% figure using one cancels all feature. These are not set till the market has closed (8 PM) for me, PDT rule. If it has dropped below the 4% before the next day, I have to eat it. I love the SEC, trying to protect me out of all my money. I usually set these at night after the market closes. A trailing stop is based on the market price when you enter the stop, not what your entry price for the stock is. I hope the above is clear and thanks again for helping me have the best trading day ever for me. Don