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

To: Coyoti who wrote (2433)1/25/1998 3:52:00 PM
From: Michael L.  Read Replies (2) | Respond to of 4969
 
Coyoti,

Thank you for very interesting discussion and sharing your thoughts. I find this tread very helpful. Could you tell few words about adjusting the stop loss. You got lucky and created position at the beginning of the move. Price can move on for few days, can fluctuate, can jump and get back, etc. Are you moving your mental stop loss constantly with price? Thanks, Michael



To: Coyoti who wrote (2433)1/28/1998 9:27:00 PM
From: RICHARD STURM  Respond to of 4969
 
Great post coyoti....couldn't agree more about mental stops and applying the discipline to execute them at a seconds notice.
With that type of attitude of cutting losses and letting winners run you don't have to even hit 50%. Something i have known,but not actually heard from a regular daytrader.

Richard


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