Wednesday, January 16, 2008

VXN Update


mikep said...

thx stewie

BullPreacher said...

Thanks for sharing Stewie. After entering, what is your exit strategy? Do you set targets? Wait for red bar? MA break?

Again, thanks

Stewie said...

My style is not scientific in nature and hence i usually just ride out a trend until i think it getting parabolic or exhaustive in nature. Take profits based on gut feel and i will be the first to tell you, that i leave a ton of money on the table. This is my biggest weakness as a trader, is that i book profits way too quickly. I highly recommend you take partial profits and letting the stock run a little more. But you definitely wanna be out on a moving average break or near a cluster of resistance if long and vice versa if short.

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