ASV Incorporated (ASVI)

[ApexAZ]

10 day movnig avg.

And it looks like it might start to drop soon if MACD keeps going down.

[Schwaazy]

[pam32570]

Just an update... I had a trailing stop on ASVI on my first purchase, and got stopped out. Then I bought back in at $20.50. I set another stop this time at $22.00, and it got stopped out again today. Just so happens there were two out of three sell signals. So it was probably a "better safe than sorry" scenario.

Its hard to get over the feeling of "well, what if it goes straight back up again, and when I get back in, I will have lost out on all those gains?" But as a Rule #1 investor, I guess that's what we have to give up, in exchange for a little peace of mind. I still came out with about a 7% gain. I'll be ready to jump back in when the indicators say go!

[justin_treitz@hotmail.com]

Would you mind explaining how trailing stop works and what it is

[Lois]

This is what was posted on investools.

How does a Trailing Stop Loss Work?
Posted: Jul 7, 2006 12:48 PM Reply


If I set a trailing stop loss on a stock that is 3% below stock price, does the stop reset itself each night, even when the stock goes down (assuming a long position)? Or does it stay put on down days and move higher on up days?

If it moves each night, then it is only a protection against intra day moves, and would still require a hard mental stop at some point, correct?




Brent Moors

Posts: 380
Registered: 7/8/06
Re: How does a Trailing Stop Loss Work?
Posted: Jul 7, 2006 2:48 PM in response to: Eric Haiss Reply


The trailing stop works off of the high price. If your stock is at $10 and you have a 5% trailing stop, it would trigger the order at $9.50, regardless of what day it occurs on. If the stock then moves up to $11 an hour (or day) later, the trailing stop would move up along with it to %5 below the high.

[justin_treitz@hotmail.com]

thanks

[lbren979]

I am paper trading and bought ASVI on 6-14 @ $19.16. Sold today at $21.77 after it crossed below 10 day and hit 50 day MA. STOC and MACD are red. I bought on 10 day MA. Thoughts?

[ApexAZ]

Now would be the time to get out if you haven't already imo.

I bought at 18.18 per share and sold at nearly 23.

[asterblaster]

This one is still dropping, it seems like once it starts to make its bounce back up it should result in some nice gains.

[TheCrack]

pam32570,
Im interested in stockcharts.com....

Would you mind telling me where on the site you go, which charts youre using, and your settings for each?

Thanks....