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Re: System Exits



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Out of curiosity, which formations do you usually base your entries on?

In a message dated 98-09-27 09:50:02 EDT, jfb.nyc@xxxxxxxxxxxxxxxx writes:

> I trade the S&P's using a variation of Joe Ross's technique. It requires
>  trading at least 3 contracts. The first contract is exited during the
>  initial positive move and "pays the overhead and cost of the trade." The
>  second contract is exited at the first congestion area or beginning of a
>  retracement. The third contract is left to ride with a wide stop after
>  moving the stop to break-even.
>  
>  While it probably has a lot to do with my trading style, I make most of my
>  money from the first two contracts.
>