Tony Beckwith
01-17-2008, 04:02 AM
Hi to traders on the European markets
One of our new Dutch MTP users alerted me to the AEX index, which gave an automatic MTP sell on 12 December 07 and - using the trailing stop for protection - is still open on an excellent +3.8x profit.
Lesson - there was actually no chance in the first week or so to lower the initial protective stop from 521.50 to break-even on our standard guidelines because price did not quite reach 100% risk (1:1 risk/reward) at 497.12...
The trailing stop is falling protectively as price has collapsed.
Note - our authorised distributor in the Netherlands and Benelux area: Forest Bergen http://www.forestbergen.com
Thanks
Tony.
One of our new Dutch MTP users alerted me to the AEX index, which gave an automatic MTP sell on 12 December 07 and - using the trailing stop for protection - is still open on an excellent +3.8x profit.
Lesson - there was actually no chance in the first week or so to lower the initial protective stop from 521.50 to break-even on our standard guidelines because price did not quite reach 100% risk (1:1 risk/reward) at 497.12...
The trailing stop is falling protectively as price has collapsed.
Note - our authorised distributor in the Netherlands and Benelux area: Forest Bergen http://www.forestbergen.com
Thanks
Tony.