Thursday, September 13, 2012

EMN Trade Today

As discussed in the previous post, I decided to put a trailing stop loss on EMN this morning;  the trade executed today at $56.74, for a gain of 7.2% after commissions.  I'll be evaluating new stocks, and looking to add to existing positions on a decline.  One of my new stocks under investigation is TEVA Pharmaceuticals... stay tuned.


  1. What methodology/parameters do you use for setting your trailing stop?

  2. Canadian:

    I used a 1% trailing stop based on "last." I wanted to keep it fairly tight to lock in the modest gain. In hindsight, might have been smarter to do 2% or 3% to allow it to run a bit further.