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His point was not C/R as an exit strategy, but rather as an entry point.
--PJS
CalaxCorp wrote:
>
> In a message dated 98-05-08 13:38:55 EDT, Gw.Gautier@xxxxxxxxxx writes:
>
> <<<<<<< Tim and Lynn Lee wrote:
> > My advice: Do not cancel replace an order. My own tally shows that
> > over 90% of these orders would have been fine if left alone. >>>>>>
>
> Dear experienced RTs:
>
> Please excuse me and correct me if I am wrong--
> Don't we Cancel & Replace Orders a lot when we use trailing-stops
> to lock-in and maximize profits during trade exits?
> I would say that happens to more than 10% of the orders.
>
> William
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