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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (485)	5/22/1998 12:37:00 AM
From: TATRADER	Respond to of 59879

Your stops are set correctly...I might increase my initial stop on IFCI to just below 7, that would be a 7% risk of loss on a 7 1/2 entry, since the MM'rs may try to take it back to support at 7.00 before taking it up again...But still a 3% risk below initial entry is a good rule to follow..You see technically you should have been in at 7.12 on the bid,(you probably would have got in at 7 1/4 on the ask) the breakout point, so you are a bit late already to the party...Your stop then would have been set at 6.87...Mark