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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (87117)	4/9/2009 12:17:58 PM
From: jitka	Read Replies (1) \| Respond to of 94695

GZ, i just have a question. if you add when we go lower and it opens next day even lower, does that mean you sell at that point?

To: GROUND ZERO™ who wrote (87117)	4/9/2009 12:55:21 PM
From: jitka	Read Replies (1) \| Respond to of 94695

i do understand what you are saying about having an exit strategy. but i am not sure i understand your exit stop. and i feel a little bad that i am asking so many questions and taking your time. but i will ask :-) because i do want to understand. "I would buy a little bit on this minor pull back we have right now and add if we go lower, using that low day low for my exit stop" - for example - you bought on top of the day, it went lower, and you added, but it went even lower after that (that is what i am always afraid of :-) what would be the exit stop then? let's say it traded between 17 and 17.50 and you bought first at 17.40, and added at 17, where it then closed. is your exit stop 17? thank you.