weekend charting 8th jan 2010, page-63

Thanks selmax for your thought..

I am still working out how to set a stop loss (does it mean etrade will automatically sell the share once it hits the stop loss area?)

I am using etrade, should I set a conditional order (trailing sell or Straddle sell)?


Trailing Sell
A SELL order, advanced price-tracking tool. The trigger price is recalculated every day in line with the stock price movements but will only move upward. If the stock falls or rises beyond your pre-selected % level and criteria, then a SELL order will be placed for you. Includes a Trailing Stop or Profit Target option.


Or

Straddle Sell
Combines two conditional sell orders so you can set both a Profit Target and a Trailing Stop to sell your existing stock holdings. Used for protecting your capital and locking in profits.