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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: RayV who wrote (9614)	2/9/1999 7:46:00 AM
From: Scott	Respond to of 14162

Scott Where do you have your S stop loss set? Thinking about this one too. I didn't set one yet. I would normally set one at 10% down from my purchase price, but since it has such strong support here (looking at the 5 year chart), I wanted to watch it trade a while. I'll probably set a stop at 37 or 36. Keep in mind that I'm lousy at choosing stop points. When I keep them too tight, I get taken out on fast dips, and when I keep them too loose, I lose too much when they are finally hit. I try to judge by the chart, and set a stop below what I feel should be the trendline, but I also don't like to risk more than 10%. Hope that helps.