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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: VisionsOfSugarplums who wrote (3213)5/19/1999 10:40:00 PM
From: keith massey  Read Replies (2) | Respond to of 4467
 
Toowit...

Rules I personally live by:

For pennies...half out at 50%..use a following stop loss on the rest.
For blue chips....half out to lock in $1000 profit...use a following stop loss on the rest.

I will often break these rules by taking profit sooner if the stock dictates it but always use the above for taking profits. This has caused me to take profits way to early on a lot of stocks but it has also my butt more than once.

Best Regards
KEITH