StockFetcher Forums · General Discussion · Exit stratagy<< >>Post Follow-up
graftonian
292 posts
msg #129477
Ignore graftonian
6/28/2016 1:24:56 PM

Below is a quote from Wallman (Muddy) from way back in 2003.

4/30/2003 10:32:17 AM

".......... so what I do now is put a 5% mental stop on the stock until it reaches mid bb's, then tighten it to 3% and keep that until it touches top bb when I will sell when RSI(14) shows 75 or more or 3% trailer is hit, whichever comes first."


Seems reasonable, but looking for other ideas on exit stratagies.


papagatorga
124 posts
msg #129483
Ignore papagatorga
6/28/2016 4:12:51 PM

Exit at the right time !

Kevin_in_GA
4,215 posts
msg #129487
Ignore Kevin_in_GA
6/28/2016 10:53:43 PM

An exit strategy by itself is as valuable as an entry strategy by itself. Neither can be used without the other.

That said, with the assumption that you are buying on a short term dip and do not plan to hold for very long, the classic exits would be using a rsi(2) trigger or a cross above a short term moving average. These are what Larry Connors uses in most of his full systems. I have provided the code for many of his ETF and stock systems here - just search for his name and you will find them.

The classic problem most people have with these approaches is to second guess them, choosing to discretionarily exit the trade rather than sticking with a proven exit strategy. Try to avoid being one of those people and you will be happier and wealthier in the long run.

graftonian
292 posts
msg #129490
Ignore graftonian
6/29/2016 9:22:00 AM

Kevin, I am using your Conners Composite and the Muddy Method to pick candidates, and to "wait for the green". Patience, my short suit!!! Stocks to watch today are: IMN,HIL,ABEO,EVRI,UTI,PACB,MLNK,UIS,KZ,
Unfortunately, Dentist appt. at 0900C.
Thanks

pthomas215
615 posts
msg #129501
Ignore pthomas215
6/29/2016 6:59:43 PM

graftonian, my two cents would be to set up a filter where you can see both williams and rsi on a chart. i.e. if you are holding a stock and williams is -80 and rsi is just 15 or 20, you may be tempted to get out if you are up but you probably have some room to go before exiting.

graftonian
292 posts
msg #129516
Ignore graftonian
6/30/2016 11:52:41 AM

@pthomas,
What time period for W%R and RSI are you suggesting?

pthomas215
615 posts
msg #129523
Ignore pthomas215
6/30/2016 7:54:07 PM

45 days seems to work out pretty well. i use those two more than ift and it seems to be consistent. for exit it might work out just great. looking for acquisition using these parameters is sometimes tough because a stock can stay with a very low rsi for a long time !!

papagatorga
124 posts
msg #129541
Ignore papagatorga
7/1/2016 3:39:03 PM

Happy you are getting some serious replies

StockFetcher Forums · General Discussion · Exit stratagy<< >>Post Follow-up

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