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Figure 6.14
Sample Alert Window
Copyright 2000, TradeCast® Ltd. |
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puter a target price. When your target price has been reached, the computer will execute the trade for you, without any intervention on your part. For example, you could set up a trading plan with the following conditions: |
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1. If Dell executes a trade at 50, send out an order to buy 1,000 shares of Dell at 50 for me. |
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2. Once I have bought DELL, if it declines to 49, sell it and I will take a $1 loss on the trade. (This is how I control my risk.) |
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3. Once I have bought DELL, if it rises to 52 sell 500 shares at 52. (This is how I will take some profit off of the table.) |
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4. Once I have sold 500 shares, put in a trailing stop to sell the remaining 500 shares anytime DELL drops 3/4 of a point below its |
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