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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (6613)	5/5/1998 4:53:00 PM
From: TATRADER	Respond to of 7396

Thanks Steve, nice piece of work..Whenever I enter a trade, I have the exit point outlined...Since I am a pattern player, it makes it easy...Thus, even though I would like to hit the home run, the singles do add up and are smarter to take home to the bank..Whenever a stock exceeds my target,and is moving up on a tight-bid-ask spread, I practice setting daily trailing stops...I recently took home a double on TRBDF that way....On the day it almost hit 11.00 my trailing stop was set at 10.00...It got triggered, I lost perhaps 3/4 point on the daily move, but took home over 5 points to the bank...The stock is now basebuilding and preparing for its next run, but still below my exit point...Regards, Mark