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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.
Low
Since Entry: Enter the lowest 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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