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Yes, please share (or anyone else?) more of these trade managing strategies
(whether profit taking or loss managing), of course nobody can follow anyone
verbatim but at least we can all see how others do it. Me thinks it pretty more
important than any Holy Grail indicator. Have kept a lot of your previous
postings on my "Wisdom of Real Traders folder", even using cut and paste at the
public forums.
Just like to say Hi and Thanks!! No, am not a stalker,Haha!
OatTrader@xxxxxxx wrote:
> Earl,
>
> I'm not sure if the Commercials are saying they are placing a floor or
> not. The way that I use this information is when I see it happening, I
> tighten my protective stops on my long term short positions to above last
> weeks highs and trail every week on a majority of my positions. Unlike many
> other traders, I use several different protective stops on different number
> of contracts. In other words, if I place a three lot order, each contract has
> it's own unique protective stops, this way I get out if the market shows the
> smallest bit of change, another lot uses the breakeven stop with large open
> equity stops and the middle lot is of course somewhere in the middle. For me
> trading this way allows me to make some money though out the trend instead of
> trying to pick tops/bottoms which is most difficult.
> Oat
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