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That is one of my weak points. I am not good at picking a good exit for winning
stocks. So far the best I know is hang on until initial story is no longer valid,
which I determine through a bad (disappointing) chart pattern or some news that
goes against my story. Otherwise I may just stay in until I need cash for a
better idea still. In both cases I usually get a flash I need to get out now and
do this and that, like a picture in my head of what the future is going to be. I
know it is intuition when it is a fully unsollicited picture, usually completely
unrelated to what i was just doing. I then act immediately, at the market.
Experience has shown I am much better of following my flashes than not.
In futures, for lack of a better trend following system I just hit and run on
small patterns, getting in when they trigger and out when they are done, trying
to collect bits and pieces. In the end it does end up though.
Not too helpful I am afraid...
Gwenn
Scaletrade@xxxxxxx wrote:
> In a message dated 01/25/2000 2:31:57 AM Pacific Standard Time,
> ggautier@xxxxxxxxxxx writes:
>
> > Re stops, I almost never change my stops, but indeed came to this rule
> > because of
> > the same feelings...
> >
> Gwenn,
>
> If you don't use trailing stops, then how do you exit? Is it gestalt, gained
> through many years of trading, or do you have profit targets, or get out on a
> sharp move in your direction, or...?
>
> Curiously,
>
> Larry
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