Monday, November 01, 2004

Selling Stocks

Based on the selling of MCO and ZMH, it is really hard to sell a stock with stock limit. As the price falls below the limit, the limit order does not get executed. Rather than watching the movement of the stock everyday and placing the limit accordingly hoping it will get executed, it is best to set up a trailing stop to maximize profit. This will sacrifice some profit margin as the first hour of the market is when the price of a stock varies the most. For the sake of stablizing emotion, future trades will be done this way.

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