Replies to post #337678 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi Profit Ace: Like most things, "it depends." It depends on how I've been doing; have I made my days pay? do I feel like risking part of it to make 2 or 3 day's pay? How do I feel? Am I tired or perky? This stuff is important but doesn't really help you. Ok, what I usually do is identify the pattern and when I want out I sell at market. Sometimes if I've got a decent position and I'm long I'll enter scale-up limit orders to exit; if short, scale down orders to cover. Each situation can be different, so I have no rigid rules though I usually to enter a stop at the initiation of a trade to protect against getting hurt when I'm wrong.