MarketTrak Question/Comment Message


Posted By: Richard   Date: Sat Oct 3, 2009

Title: STOPS

Message:
  I would be interested - and I suspect others would be as well - in your definition of tight stops. Are they based on a % of the intraday high within a signal, or the signal buy price, Additionally are they based on the closing price for a day, or a stop within the day.
 

Response:
  The model uses 5 percent trailing stops based on the closing price. I sometimes will say to tighten stops. I don't have a precise definition of this but I normally will go to 4 percent. The percentage you use will depend on your risk tolerance.

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