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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Steve G. who wrote (3013)	2/16/1998 5:57:00 PM
From: David	Respond to of 12617

Steve, very good point. Although he may generally take the 1/4 or 1/2 point gain, he is looking for larger gains. But as many a good trader has stated, "you can never go broke by taking a profit. With this in mind this trader sometimes takes the 1/4 or 1/2 while the stock is still trending to lock in that profit. On the same line as moving your stop up to follow trend, so when it turns your profit is locked in. It just turns out that more times than less the gains end up being less than $1, but they do end up being profits and that is what matters. Those times that you hold on for the larger gain and don't move your stop or play the stop by hand, you end up with a loss before you know it. A down fall that many new traders fall into.