timo4sho
10-23-2005, 07:53 AM
May I ask what kind of trade management you MTPredictor users employ for trading stocks on a daily timeframe?
Do I understand Steve in his Trading Course 2 correctly, that he advises with trading stocks to check for the weekly trend -> then entry in the direction of the larger-degree trend -> once a trade has moved well beyond the 100% Profit, he adjusts the stop to break even -> once the trade has moved well beyond the 2-3 Profit zone, he uses only the 20 period exponential moving average method for his stops???
Thanks for any input!
Timo
Do I understand Steve in his Trading Course 2 correctly, that he advises with trading stocks to check for the weekly trend -> then entry in the direction of the larger-degree trend -> once a trade has moved well beyond the 100% Profit, he adjusts the stop to break even -> once the trade has moved well beyond the 2-3 Profit zone, he uses only the 20 period exponential moving average method for his stops???
Thanks for any input!
Timo