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high for the day. (This is how I let the stock "run" for more profit, but still protect myself in case it starts falling back.) |
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5. If I still own any shares of DELL ten minutes before the close of the market three days from now, sell all my shares. (This is how I put a time limit on this trade.) |
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This is a very powerful tool for the trader who is busy with other responsibilities during the trading day. With the computer managing all the required executions for you, you will be able to become much more active and much more productive in the market. For an untrained or uneducated trader, however, these automatic executions can lead to a fast downfall. |
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Once you have executed a trade, this windowas shown in Figure 6.15is used to show your open positionsthe number of shares, your cost, the current value, and your net profit or loss at this moment. This is invaluable for managing your trades. |
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Figure 6.15
Sample Open Window
Copyright 2000, TradeCast® Ltd. |
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