Re: a few wishes

[ Q2 03 - Q4 05 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

In Reply to: Re: a few wishes posted by Richard Smith on August 26, 2004 at 11:57:16:

: Regarding the target exit price, I think that it would have to be a separate field from any other alerts. At a minimum a user could just enter a dollar per share amount there. A more elaborate possiblity is to allow for a trailing stop exit price in $ off of record high or % off of record high, etc. I think that some of this might be already built into FM (I am still exploring the program). Maybe another way to do it would be to allow the user to select a single existing price alert as their primary exit criteria and then calculate this % of portfolio at risk off of this primary alert.

: thanks for listening,

: Richard.

Hi Richard,

Thanks for the ideas, yes it would have to be something like that in order
to do that "at risk" calculation. BTW, the Professional version has the
"trailing stop loss" alert feature. Here you can set a price target in
terms of a percentage of the high. So, if you set a 10% loss, and the price
starts at $100 the initial alert price is $90. If the price moves up
to $200, the alert price goes up with it to $180. If the price goes down,
the alert price doesn't go down, it tracks the high. The alert price
trails up with the price, but not down. This is often used to help lock
in profits.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies: