Thursday, September 13, 2012
EMN Trade Today
As discussed in the previous post, I decided to put a trailing stop loss on EMN this morning; the trade executed today at $56.74, for a gain of 7.2% after commissions. I'll be evaluating new stocks, and looking to add to existing positions on a decline. One of my new stocks under investigation is TEVA Pharmaceuticals... stay tuned.
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What methodology/parameters do you use for setting your trailing stop?
ReplyDeleteCanadian:
ReplyDeleteI used a 1% trailing stop based on "last." I wanted to keep it fairly tight to lock in the modest gain. In hindsight, might have been smarter to do 2% or 3% to allow it to run a bit further.