About Day Trading: To Trail or Not To Trail?

Day Trading In the Spotlight | More Topics |   from Adam Milton Some traders believe that trailing stops are the best way to protect profits while being ready to exit a trade at the first sign of a reversal. Other traders believe that trailing stops are more likely to exit a trade too early thereby reducing profits. There is no right or wrong belief, but in order to make the right decision, all traders need to know what trailing stops are, and how they should and should not be used. This week's trading newsletter includes: - the definition of a trailing stop, and examples of how trailing stops should and should not be used, - the weekly economic calendar with volatility expectations, - and some new video tutorials for the Sierra Chart charting software. Good trading :-)   In the Spotlight Trailing Stops A trailing stop is a type of stop loss order that combines elements of both risk management and trade management. Trailing stops are also known as profit protecting stops, because they are used to keep a particular amount of profit in addition to preventing a loss. Trailing stops are supported by most trading software, and are usually implemented by the trading software as opposed to a brokerage or the exchange ... find out about trailing stops              More Topics Zero Line Cross Trading System Economic Calendar With Volatility There are several news releases from each region (US, Europe, and Asia) this week. The US has eight high volatility news releases, while Europe only has one high volatility news releases, and Asia has five high volatility news releases. Markets from all three regions will probably experience high volatility and significant price movement throughout this week ... view the economic calendar   Sierra Chart Video Tutorials I have recently received some questions regarding Sierra Chart, specifically setting up charts and indicators. To answer these questions, I have added links to several of the Sierra Chart video tutorials to the charting software section of the day trading site ... watch the Sierra Chart videos     Sponsored Links   Best Moves in a Bad Economy Save & Invest the Right Way Find out how to beat a bear market, make smart choices, and keep your cool even when the economy is unpredictable. Day Trading Ads Forex Trade Strategy Day Trading Systems Online Forex Forex Trading School Forex Market News Advertisement     Visit Related About GuideSites: Search About      Sign up for more free newsletters on favorite topics. You are receiving this newsletter because you subscribed to the About Day Trading newsletter as lemmetry@GMAIL.COM. If you wish to change or remove your email address, please visit: http://www.about.com/nl/usgs.htm?nl=daytrading&e=lemmetry@GMAIL.COM About respects your privacy. Our Privacy Policy. Our Contact Information. 249 West 17th Street New York, NY, 10011 © 2008 About, Inc.