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• Advanced Oca Orders

  ARTICLE SYNOPSIS ...Every trade demands a stop-loss order. I cannot enter a position without a stop because the size of every trade is limited by the distance from entry to stop. Since my trading horizon is anywhere from several days to several weeks, I move stops in the direction of the trade once the price moves in my favor. Modern platforms provide the ability to use trailing stops, moving stops in the direction of your trade. When the price moves against you, that triggers a stop and you are out with only a small loss or even with a profit. This method is often used for profit-taking, espe...

AUTHOR: Heinz PopovicDATE: JUN 2011