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There have been some wonderful posts about money management lately. I am
working on this aspect of my trading, and am looking for exit strategies/stops
that work.
My problem is not so much the initial "fail safe" stop, but figuring out how
to protect profits. I have been looking at both taking profits at targets
(eg. Fibo targets), and letting profits "run", and trailing stops, and being
taken out of the trade.
Any opinions on what works best, or what, for instance, would serve as a good
trailing stop?
Thanks.
Maurice Sonnenwirth
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