Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chip McVickar who wrote (24149)	5/24/1999 5:01:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Well, some people (and occasionally I) Close half out once a move has started to lock in Profit and place a Stop at or just above Entry. As long as the move is travelling your way there is no reason to keep the Stop Tight. If it moves 5 you can set it 3 back, 5 more perhaps you would set it 5 back and so on. I guess an art might be constructed around it. I have my own methodology which (when I stick to it) involves the use of a method of Fib Retracements and Targets. That means; I Fib and tell you I made twenty points but in reality I am walking out the door with a tin cup, pencils, cane and dark sunglasses.