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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (18445)	6/7/2006 8:17:55 PM
From: ~digs	Read Replies (2) \| Respond to of 23958

Hi Ray.. I use percentage trailing stops on occasion, but only rarely. (I assume you're talking about conditional orders that are placed w/ your broker and then activated based on a stock's fluctuation in price.) You need a stock that trades several hundred-thousand shares per day on average for these types of orders to be 'safe', imo. Much of what I trade is rather thin, and so the vast majority of my stops are mental. I'm generally seeking 20-30% gains while working with a 10-15% stop loss. When a position moves about 10% in my favor I then raise my stop to breakeven. Once in a great while I'll use an automated buy stop for entry. I'm thinking about setting one up for HOOK.. with action taking place after it ticks above 4.0. I'm wondering however if it is too thin for this sort of trade? <shrug> -Dave