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Thanks Joe
A breath of fresh air ... and some sanity in the trading area.
I'd be glad to read your opinions any day.
Best regards
Walter
----- Original Message -----
From: Joe Duffy <joeduffy@xxxxxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, March 15, 2001 8:22 PM
Subject: Re: Profit Stops
> 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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