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Tom, Bruce,
How are these stops being created? Are you using a formula in MetaStock or
some other program? How applied?
Thanks,
H
-----Original Message-----
From: BGiroux <bgiroux@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Friday, August 14, 1998 6:11 PM
Subject: Re: Psychology of trading...
>Tom Strickland wrote:
>>
>> Bruce,
>>
>> Here's a suggestion for your consideration. I've just started using it so
I
>> don't have a sufficient track record yet, but I feel better (i.e., less
>> indecisive) about my trading.
>>
>> I have my program generate stop values at the end of the day and set them
>> at night for the next trading day. This way, the actual trades are
>> automatic - the market actually decides for me.
>>
>> Hope you find this to be of some value.
>>
>> Tom Strickland
>
>I agree stops help a great deal, The system I employ now defines the
>stops for me. The mechanical stops eliminate the 'noise' of any
>descision I am required to make regarding the exit. Prior to my use of
>the stops, I had a trouble getting out of trades with any consistent
>(profitable) results.
>
>Thanks,
>
>Bruce
>
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