Jack on winning trades, 2

...cont'd from yesterday...

Continuation of discussion about managing a profitable open position based on Schwager on Futures: Technical Analysis.

2. If price gaps favorably, move your stop to somewhere in the gap. Then trail your stop to capture profits if price continues to move favorably.

3. Using a trailing stop will produce better profits over the long run than exiting with Profit Target prices. You’ll need the occasional humungous winner to offset losers in your trading system. Don’t take small quick profits.

...cont'd tomorrow...

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