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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (547)	9/22/1998 11:28:00 AM
From: CuttotheCore	Respond to of 43080

jay, just beginning to follow the thread. re: your #4, which begs to take the emotion out, why not use trailing stops as you cheer, when you get up above the 2 pts or 7%. Another consideration is to take 1/2 off the table at a defined point, such as at a set retracement or % above a dma. I am thinking of 5-7,8% as profit-loss stops. fwiw ls, enjoy the thread, I am fundamentally more comfortable with position trading than daytrading, altho the last month has been hard on holding anything very long, w/ more of the same in store. (????)