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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (7454)	4/18/1999 5:30:00 PM
From: the Chief	Read Replies (4) \| Respond to of 62348

The guy sure can pull my string(paquette). He knows little, understands less, and speaks nothing. He rambles endlessly and insults people as if he has some inherent right to admonish people for not thinking the same as he does. Your scenario is a good approach, however, as the price esculates decrease the % on your stop. If the stock opens at $13.50 place your stop at $12.20 when the stock hits $14.00 move up to $13.00...When the stock hits $14.50 move to $13.80 and so on and so on! Your stop becomes closer to the price as the stock rises "its your limit" that remains 10% back from your stop! This obviously assumes a reasonable spaced rise in time. If it takes off like a shot, then pick the "comfortable profit level as a stop entry point, and adjust whenever you can. Lets suppose others are right and the stock hits $20.00...If so, assuming a smooth linear rise, by that time my stop will be at $19.50 not at $18.00 If the stock is flushed by the brokers at $20.00 down to $15.00...its your limit that saves you, or kills you. Make sure your limit is set at $18.00 when your stop is at $19.50.......to tight a limit and you could screw yourself out of some good paper!! The $18.00 represents the 10% follow you referred to and not your stop. Just another dumb opinion the Chief