When The Market Moves In Your Favor

  • September 25, 2000
  • Larry Connors


Immediately look to scale out of your trade as the market moves in your
direction. By taking some of the trade off, you are decreasing your risk and
locking in profits. If you are trading on a one-contract basis, as you should
if you are beginner, move your resting stop to protect any gains.

–-Larry Connors and Linda Bradford Raschke, from


Street Smarts

(1995, M.
Gordon Publishing Group, Malibu, Calif.).