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At 08:13 AM 4/7/98 -0700, wes blake wrote:
>Hello Group,
>
>I am usually watching this group from the side lines, but I have a
>question. I have come up with a good system for 1-4 day trades. I have
>my entry technique down pretty good. I am still working on an exit for
>the system. I used a set profit stop at a certain percentage I could
>make but then I missed out on the big moves.
>
>I know it may be hard to get me help without seeing my technique, but I
>thought I would ask for some suggestions, it might just turn on a light
>for me in my head. If anyone is willing I sure would appreciate it.
>
>Shooting for the stars,
>
>Wes
>
Wes,
Depending on your security or commodity, perhaps STOPs are your answer.
Trailing stops, that is. A standing order to exit on a fall to a certain
level. You move it up to 5-10% below current price as the game goes.
Otherwise I have a feeling that you take your profit without going broke
whenever you have a decent profit. Wade Cook said a gain of 75 cents per
unit is fine.
PeteNa
petena9090@xxxxxxxxxxxxxx
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