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Ticker:
Enter Ticker symbol for the stock you
are making this plan for. This
field can stay empty. However, if
you plan on printing this trading plan
then typing in the Ticker can be helpful
in record keeping.
High Since Entry: Enter the highest
price the stock traded since you entered
the trade.
Entry Price: Enter the price at
which you entered the trade.
Target Price: Enter the price that
you think the stock can go to.
This is where you will close your
position with maximum profit.
Position size: Enter the number of
shares in your current position.
Initial Stop Price: Enter the price
which represents your initial stop loss
for the trade.
I want to make sure that you understand
that these numbers represent a price
level at which a stop loss must be
placed, if and only if, a trailing
stop below logical support levels
represent GREATER loss. If you can
find logical support levels that
represent lower risk than the Max
Trailing Stop according to the
calculator, then you must place your
trailing stop below those levels (above
resistance in short positions).
Please refer to pages 64-66 in the book
How to Take Money from Wall Street
for more information about this tab of
the calculator. Please note that I
have made adjustments to the percentages
stated in the book on page 64 as I broke
down the calculation to more than the
five tears I used in the book.
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