Page 355 - THE MARKET WHISPERER

THE MARKET WHISPERER 35 1

Summary

When we are in a long, we should consider realizing profits a little before
the anticipated round-number resistance. When we plan to buy a stock
trading just below the round number, it is preferable to buy if and when it

gets past the round number resistance point. When we long a stock, it is

preferable to enter a stop order a little below the round number. Traders

wishing to short will prefer to execute the short below the round number,

and place their stop orders a little above the round number.