|
PureBytes Links
Trading Reference Links
|
In a message dated 3/19/99 9:05:17 AM Central Standard Time,
gmkramer@xxxxxxxxxxxx writes:
<< Enjoyed this post!
Question please: Does the manual have specific target and stop levels for
trades and are these based on a $ amount or based upon market activity?
Thanks
Gary >>
RT's sorry about the earlier repeat send I'm new to this e-mail stuff.
Gary
The manual has targets where the market is likely to go. There are logical
places to place stops, and the manual is very against using dollar based
stops. The distance between entry and stop is very reasonable. Even so, I've
found in many cases with certain types of patterns I can patiently wait to get
in the trade closer to the stop thereby decreasing my risk and increasing the
reward if I'm right. Other patterns are more go with the flow where you have
to just enter, and it usually moves in your favor rather quickly, but still
with a logically placed stop.
Todd
|