The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Mechanical Investing

URL:  https://boards.fool.com/very-interesting-thread-for-the-rs-ibd-monthly-13198831.aspx

Subject:  Re: First shot at MI stop loss..... Date:  8/27/2000  2:23 PM
Author:  Slievebricken Number:  78247 of 274392

Very interesting thread! For the RS-IBD monthly top 1 screen, one might consider using the 20-day Bollinger band instead of an arbitrary stop-loss %.

If the closing price breaks below the band, shift to cash until the next month's purchase. This should protect against major downfalls beyond the normal short-term volatility of the stock.

Just a pebble to toss in your pond.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us