Nice Trick With Momentum Stock Stop Loss
Mark Crisp
31st July 2007
http://www.stressfreetrading.com/index2.shtml
The Stress Free Momentum Stock Trader
Another week another up and down ride. What more can I say? “The market will fluctuate.” We are still in a bull market…maybe near the end of this cycle..maybe not. But I have to look at it that we are still in a bull market. That’s what I have always done and that is what has made mo so much money.
So look at the leading, top quality stocks. CROX, CROX and CROX…did I not tell you this was THE stock a couple of months ago? I hope you looked at it. How do you find these gems? How do you profit from them? How do you remove the stress form your trading? M.S.T.S. (http://www.stressfreetrading.com/index2.shtml)
I am up over 125% so far in my trading year. And that runs from Feb – Feb. BUT it can also work against me. I have to “suffer” go through 20% - 30% draw-downs. Still painful even after all this time but I learned to live with them.
I’ll give you a tip when trading. Say you buy a stock at $50 and it flies up to $100. DO NOT say “I am up 100%” This is false. It will drive you nuts when the stock retraces a swell. Instead….place your stop say at $80 and say “I am up 60%.” Work out your profits where you have your exit stop. It reduces your stress…and gives you a true reflection of what is really happening.
Others Momentum Stocks I like:
TSL, FSLR, MA, RVBD, BIDU
Until next week. Keep well.
Regards
Mark Crisp
The Stress Free Weekly Momentum Stock Trader
http://www.stressfreetrading.com
