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Jim Dean

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Posts: 3022

Joined: 9/21/2006
Location: L'ville, GA

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Subject : RE: trading plan stops
Posted : 6/12/2019 8:48 AM
Post #46231 - In reply to #46230

I’m not sure what “stop wade” means.

“Pips” is not precise - used in various contexts. Do you mean half of a percent of the closing price from the prior day?

What is the basis price for the first day? That is, for a long Trade, should the 0.5% be subtracted from the prior close, low, high, or maybe that day’s open?

What triggers the “move up” each day? Just the passing of time, regardless of price action, or only if price rises, or something else?

How much does the 0.5% move up each day (see prior trigger question)

What triggers the exit? A crossover of of the Low (for long’s) through the trailing stop? Or a crossover of the Close thru that price?

(And, just curious, how does your latest description relate to your initial request regarding a “20 day moving” stop?)

[Edited by Jim Dean on 6/12/2019 8:53 AM]

Deleting message 46231 : RE: trading plan stops


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