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This is just my opinion, which is based on my experience, but you have to
take the large majority of a position off while it is going your way. "Let
your profits run" has never worked for me.
----- Original Message -----
From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, March 15, 2001 4:22 PM
Subject: Re: Profit Stops
>
> Fibonacci techniques are excellent for this.
>
> The idea is to calculate a profit objective so
> you exit before a pullback..
>
> -Neal.
>
>
> At 03:08 PM 3/15/2001 -0500, you 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
>
>
>
>
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