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Re: devron post# 7177

Thursday, 01/23/2003 11:20:08 AM

Thursday, January 23, 2003 11:20:08 AM

Post# of 47141
Well, as it was a kind of AIM inspired scale trading, I'll guess it's not too off topic.

Scale trading is: buy at a drop of X% (and again and again) and sell at the next higher point (scale). So start with a buy at 10, buy at $9, buy at $8.10, sell all $8.10 shares at $9, etc.

My version varies the exit point. I noticed that AIM sells less shares than it buys (when buy and sell are equally far away from the AIM mid point). So my exit point became: sell for a 10% profit with 90% of the shares (so you'll need about a 20% rise). That's all!

Regards,

Karel

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