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

To: just bearly who wrote (9487)	3/2/1999 8:19:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Watch List and Tara: SYMBOL CLOSE CHANGE CHANGE % TOY 15.75 1.125 7.69% CMGI 141 7.625 5.72% ZITL 2.938 0.157 5.65% UAL 65.375 3.375 5.44% WIND 24.875 1.125 4.74% PIR 8.875 0.312 3.64% CAIB 37 0.937 2.60% CAND 3.906 0.093 2.44% SMMT 3.688 0.032 0.88% MANU 8.125 0.00% GT 48 -0.188 -0.39% SPYG 11.813 -0.062 -0.52% PAGE 4.219 -0.031 -0.73% WPIC 4.25 -0.063 -1.46% SEW 3.688 -0.062 -1.65% IDTC 12.25 -0.375 -2.97% PER 39.875 -1.313 -3.19% VVUS 2.5 -0.094 -3.62% Assuming one would set an 8% stop loss for a position hold, a 4% is good for stocks above $50 if their daily trading range is less than 6%. Does that make sense? What you want to do is set a hard stop to exit and REVERSE your position if the gap goes the other way. A gapping stock will usually have a fairly wide intrday spread compared to trending or horizontal days (this is general, not gospel). Setting an overly tight stop is a mental protection more than a financial (as I guess you figured out). So 4% generally prevents overtrading. After all, one expects some volatility if the stock gaps. lastshadow