The Daily Dose of Trading Comments

Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. TAT trades a bundle of portfolios for himself and friends daily.

 

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Wednesday, December 28, 2005

Tighten up those stops

For the most part, if you have stocks that are working, either trim or tighten up the stops as we head towards the end of the year. There's no sense in allowing all your profits to get away from you so tightening up your stops in behind those issues that are moving up is a way to particpate but not to exit ... unless the stock changes direction which is of course the point.

I'm not seeing a thrust of buying and this market could turn so I'm being quite careful with tighter stops and having taken some partials on longs.

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