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To: MtnMan who wrote (28690)11/18/1997 11:41:00 AM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Hi Neal

>>So you don't just let your position run and raise a trailing stop? Or you do that also and go flat when you have reached your % profit target?<<

I let them run until they hit my profit target--don't use trailing stops, because earlier testing showed that the results were not significantly different. More recent testing--based on trades over the past year or so-- showed that it does make it worthwhile but one year's data is not enough to make me modify a system.

>>Thanks for your insightful posts, thinking about making you my guru... ;-)<<

Thanks for the sentiments--as for my being your guru, I think that is a status that has no appeal for me--because I have found, more often than not, that today's guru becomes tomorrow's garbage:)

Take care