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Hi Robert
I use an approach called "the Rule of 3" which
gives me the best of all worlds. The one caveat
is the method you use has the majority of the
entries moving sufficiently to cover the first
third without triggering the stop.
It is best suited to traders whose psychology
leans towards a preservation of capital and is
prepared to give up some gains for a smoother
equity curve.
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
Voice: 61 2 92673470
Fax: 61 2 92673478
E-Mail: rbarros@xxxxxxxxxxxxxxxxxx
----- Original Message -----
From: Robert Norris III <robnshell@xxxxxxxxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, October 05, 1999 12:23 AM
Subject: Refining My Exit Strategy
> List,
>
> After many hours of backtesting, watching price data, and reading books, I
> think that I am comfortable with my entry system. (buying and selling
> retracements in strong trending markets) Now I would like to focus my
> attention in an area that I have not studied much. My exit. I have
exited
> trades on a discretionary basis only. While I do ok. I think that an exit
> system that would help me to hold my winners longer would increase my
> return.
>
> I am not looking for your proprietary stuff, but if some of you could tell
> me of books you liked for this purpose I would appreciate it.
>
> Any other information would be appreciated also.
> Thanks ,
>
> Robbie
>
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