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Old 02-22-2007, 05:20 AM
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Re: Risk Free Trade

I have been analyzing my wins over losses lately. It seems like a winning trade takes mimimal heat: maybe 5 ticks at most. In a losing trade, price moves 3-4ticks in my favor, then I take about 7-9pts of heat, price moves towards my entry, and then I get stopped.

What I am thinking of is to trail my stop the moment I enter. I use a 10pt stop like you wsam29, so I may start trailing my initial stop until I reach my first target of 10pts. I scale out on all my positions so this trailing stop until my first target might be able to spare me a few ticks off every loser.

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