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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
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