From: eric <eric_marcus@compuserve.com>
Subject: Stocks- stop-loss and buying system
Date: Tue, 28 Apr 1998 19:15:25 -0400
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This is my stock system: Trailing stop-loss orders as follows:if stock is= under $30, stop-loss at 80%, If between $30-$80, S/L at 15%, if over $80,= S/L at 12%. Obviously this approach doesn't prevent a "whipsaw", but I'm willing to risk that.(There is no perfect world of investing.) Conversely, if stock goes up 20%, 15%, 12% respectively, I buy 60% more shares, each time it rises that percentage. Of course I raise the stop-loss immediately. Comments (or other approaches) would be appreciated. Eric = - -
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