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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (14272)	1/30/1999 12:01:00 PM
From: Patrick Slevin	Respond to of 44573

I've been using them recently because of the wide swings. Looking at my book, on one trade late Friday I placed a stop then moved it down 3 times....5 minutes later, then 8 minutes after that then 7 minutes after that. I have examples where I moved a stop 2 and 3 minutes after placing it. But one thing you should do if you are near the action is don't put a stop on x.00 or x.50; I saved a small winner Friday because the stop was at 82.10 -- they hammered away at 82 even but never went by it. On the other hand, once it drops from there I would not wish to be sitting at 82.10 the next time it ran up because it's gonna blow through. I would be lucky to get better than 82.50 and most often worse.