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® “Home-Study Course” Study Manual Page 127
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3. Trading as if this is a NEW TREND in the opposite
direction, but getting out if it appears to be just a
correction in the current trend:
Once you initiate a trade against the trend, keep your initial stop loss in
place. When prices move 50% against the trend, use a trailing stop on
half your positions. If your stop is triggered, you then are long half
your original size. Keep the stop for your remaining position at the
original stop loss location. You now will either get stopped out or a new
trend will emerge. Then you can revert to placing stops in accordance
with the trend.
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