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| Subject: Re: Trailing Stop Orders | Date: 10/15/2007 6:24 PM | |
| Author: chk999 | Number: 1938 of 2244 | |
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I've used them in the past, but have stopped doing so. The reason is that the intraday price jitter is bigger than you think. So I kept getting stopped out before I really wanted to. But if you set the trailing percentage too wide, then it doesn't do you much good when the price really does fall. (The other danger is if the price gaps down at the open, you may get stopped out but take a big loss anyways.) I've come back to the classic view that you should buy if you are a bull, sell if you are a bear and do nothing if you do not have a strong opinion. You could try one on a small position and see if you like how it behaves. Chris - long compound growth |
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