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Post# of 24977
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Re: Reggie_Hammonds post# 21528

Thursday, 07/01/2004 6:23:08 PM

Thursday, July 01, 2004 6:23:08 PM

Post# of 24977
reg, if your up, then put a trailing stop on it,,at what price did you become happy and decide to hold? Ok, then add +.10 or what ever to the price of the stock going forward each day. ie: if you bought at $1, and became real happy at 1.50, then put 1.60 today, and 1.70 etc tomarrow, so if you get stopped out, at least you are happy and not nervous. Example of +.10 is just that, use any number you like,, 20dma,, it doesnt matter, only thing that matters is you protect your gains if the stock turns agains you. Note - and I would add, book a few profits at least now, sell 25%-?% On the way up. Decide what pattern works for you and be happy.


Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"

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