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Decided to do this in 2 portions today.Trailing stop worked on the
S&P .Entered sell at 1328.5 and exited at 1319.2.Did not take
reversal.
Nasdaq trade worked but did not take it.
I have been posting so others can either confirm or deny their utility
for themselves and choose for themselves.What I have discovered over
thelast few months is 67 wins out of 100 trades.If one were to take
the average stop of 4 points and use a profit target of 150% of that
or 6 points,then the net would be 270 points [402-132].I say this
because I have found few brokers will track trailing stops on a manual
basis.So in the future I will use three exit rules.
1.Stop loss
2.Break-even stop once in profit land.
3.Profit target 150% x stop loss number.
Also the bonds which I did not post because they were so close would
have made 6 ticks or $180 less commission.Not great.
John
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