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I often use a combination of two exit techniques. Assuming that the
Risk on the trade is R, I will put a limit sell between 1R to 2R on
half the position. [this give me a break-even even if the stock backs
off a bit]. I will then trail the remaining half with 3 to 4 times
ATR(10) from the high of the position. I will always exit with the loss
of R if that gets hit.
Comments appreciated.
Allan
--- neo <neo1@xxxxxxxxx> wrote:
> I wonder if people could comment on profit stops. It seems that I buy
> stocks, the price increases, and then they fall down and I lose most
> of my
> profits. Is it best to stick with a trailing stop or should a certain
> profit
> % be used to take profits? What profit stop should be used?
>
> neo
>
=====
---
Allan Havemose, Ph.D.
havemose@xxxxxxxxxx
havemose@xxxxxxxxx
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