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Re: Thank you, I will



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In a message dated 6/28/99 9:23:16 AM Pacific Daylight Time, ist@xxxxxx 
writes:

<< The system I use, utilizes stops and trailing stops.  Once my entry price 
is hit
 there is an 80% probability of reaching the first price target.  Therefore, I
 know that 20% of the time my stop will be hit.  The majority of times before 
the
 stop is hit I know that I have made a mistake and exit the trade.  I also 
have
 an entry in the opposite direction.  Have a good week.  Ira. >>
**************************************
Ira:
To give traders a feel for both price targets and the proper use of stops, 
could you give a general idea of the size of the stops that you use versus an 
average price target.  Also what determines whether you will stop & reverse.  
Thanks.
Lynn