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Neal,
Were just going to have to ignore this Ric thing,
whatever it is and route all "its" email to the delete bin. I say "it"
because I have never met a human being on his level of the evolutionary scale
that retained the ability to breathe, read, write, feed itself and
otherwise function normally in life. Makes you wonder who it gets to write
its emails for it.
One way to shut him up is to ask him a direct
question. He never even attempts to answer it and his next email is off on
some other meaningless path of drivel.
Sorry to sound so negative but this thing is enough
to drive normal people over the edge. Maybe that's his purpose in
continuing to pummel us with his ramblings. He may get his entertainment
from seeing what kind of responses he can elicit from normal rational
people. There are some really sick folks out there.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Neal Hughes
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, February 11, 2002 5:35
PM
Subject: Re: [RT] Strategies for Trailing
Stop-Losses
Are you speaking from inexperience?The best
technique for stop placement (and believeme I've tried many) is to apply
Fibonacci studiesto price action. Then project future probably
supportand resistance. Tat way you can place your stopsin logical
places, protected by support or resistance.-Neal.At 12:23 AM
2/12/2002 +0000, you wrote:>Hi,>>Many traders who trade
persistence of market direction (trend followers,>momentum players...)
use stop-loss orders to attempt to limit losses.>>These
stop-losses can be resting orders in the market or in the mind of
the>trader.>>There are as many stop-loss strategies as
there are traders.>>Initial stop-loss positions are not the
subject of this email. Rather>trailing stop-losses,
attempting to lock in running profits are
considered>here.>>The task can be summed up as balancing
getting out too early and losing too>much profit potential and giving
up too much of the existing running profit>if the market has
turned.>>Based on the experience of traders coached, the two of
the most successful>techniques for trailing stop-losses appear to
include:>>
- percentage of
move,>
-
trend-reflection.>>Percentage of move is a strategy of using
variable sized gap between the>current price and where the stop-loss is
placed. It is based on the idea>that the size of
retracements is normally proportional to the size of the
>move.>>This said, where do you start counting the start
of the move that might be>retraced? It is probably either
an art, or by experiment, a balance
as>always.>>Trend-reflection is based on concepts
apparently sold by James Sloman to>Welles Wilder and published in the
latters "The Adam Theory of Markets, or>What Matters is
Profit".>>In summary it assumes that the future is a reflection
of the past. The>idea is that the technique can give a good
indication of where a future>retracement might terminate and so where a
trailing stop-loss might be best>placed. Whether the
technique has merit or not, selecting trailing>stop-loss points is
probably an art or by experiment a balance as
always.>>Question:>>Are these techniques better
that others or are the traders who select them>just better traders than
others. I do not know the answer, but they seem>to be
both used with varying success on many categories of
markets.>>What technique(s) do you use, and why, with what
results based on how many>instances on what types of
markets?>>How do you balance the benefits and costs of trailing
stop-loss placement?>>What types of stop-loss order do you use,
and why, and with what results>based on how many
instances?>>Unconditional regards,
Ric.>www.traderscalm.com>>>>To unsubscribe
from this group, send an email
to:>realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>Your
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