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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Spreck who wrote (674)	12/1/2004 6:33:36 PM
From: chowder	Respond to of 13449

Spreck, I was napping when you called and was unable to answer in a timely manner. If the trade was a short term trade, (a day or two), then the time to take the profit would have been when it reached your short term objective. That's why I have one entry and two price targets on every call, the two price targets being the profit target and the stop loss target. If the target was to gain 50 cents, then you take the profit at 50 cents. If the target was a dollar, you take the profit at a dollar. In the case of WBSN, since the profit target was the previous high, and it looked like it might go higher, one can always close out half the position, locking in the original profit target and let the rest run using a trailing stop of your choice. stockcharts.com[h,a]daclyiay[d20040701,20041201][pd10,1!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum