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Re: profit targets



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Assuming you're fairly good at finding potential short-term over sold/bought
pivot areas, one technique that works well for setting an exit-target for
short-term Option or Stock positions is to take 1/3 of the previous 5 day's
range and add/subtract (depending on Long or Short) that value to either the
entry price or the lowest/highest price of the move.  
       
I use this technique for an initial low risk exit-target, then sometimes
adjust it if the power behind the move exceeds expectations.  My time
horizon is 2-3 hours to 2-3 days, depending on volatility. 
_______________________________________ 
At 02:40 PM 10/12/1999 -0500, you wrote:
>Would anyone have a decent method of profit exits? It's about to drive
>me batty. Maybe some indicator. I day trade  but possibly some position
>trading technique might work as well. Thanks in advance.
>                             EP
>
>