Happy Trails

  • November 9, 2001
  • Duke Heberlein

Trailing stops for swing traders are a must for maximizing profitable moves.
This will allow you to ride out a move, and let the market take you out, rather
than make projections or speculate on when to get out.

 

10-30-2001

11:46:11


 Broadcom (BRCM)
is bouncing off its .382 retracement level at 31.98 .  BRCM

has a TradingMarkets.com 3-month RS ranking of 88
and it  is down .80 at 33.68.

 

 

 

Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) has risen out of the pullback to its 38.2%
retracement for more than a 9 point gain. Swing traders will often use a two
trailing stop on a position, and as you can see BRCM has printed eight
consecutive higher lows on the way up. Using this strategy to manage positions
will help you to maximize gains when profitable, and protect you from large
losses when you are not.

Have a great weekend,

Duke