Dave Floyd’s Trading Service Results Report

• September 26, 2002
• Dave Floyd

Dear Trader:

It was a good day for the
Intra-Day Set-ups on Monday, 2 shorts were
triggered and the 2 long positions were never triggered.

The 4 charts, which are
attached, will demonstrate where the entries and exits were.

This is a copy of the exact
text from Monday’s service:

 As you will see from the charts
below, the shorts worked well, while the longs were never triggered, keeping you
out of bad trades.

 

 

 

The entry prices are set so
that a stock and the overall market are moving in such a fashion so that you
avoid being caught trading against the market.  Trying to get in early on the
trade is not advisable.

Determining your exit is based
purely on either the target price being hit, or your comfort level on the trade
and your desire to lock in profits.  For me, if it appears as though the market
is on the verge of trading higher or lower I may decide to get rid of half of my
position.  For the most part, once the trade is in the money by 20-30 cents, I
usually place a trailing stop loss and then cancel the original stop loss.  By
doing this, I endure that I will make something on the trade.

Each person is different and my
exit parameters may not suit yours.  The bottom line”

1.    
always
use an initial stop loss, then place a trailing stop loss

2.    
Never
let a winner turn to a loser.  These are not investments; they are trades.

Sincerely,

Dave Floyd