With over 35 years of personal trading experience and well over 15 years of helping other investors through my Pitbull Investor stock trading systems, I have found a common glitch in most traders game plan. That glitch is a sound exit strategy, or knowing where to set our stop loses and exit the trade.

The problem usually is that there is no sound exit plan in place when they initiate the trade and the ones who do, more often then not wind up second guessing their initial plan and changing their trading exit based on hasty emotions (usually greed) costing them valuable profit.

During the many years of using traditional stop losses / trailing stops based on price or trade profit, I knew there were better indicators to determine when to exit and retain even profit. It is obvious that a flat percentage is not going to be optimal, and many of the common methods require tiresome research on a daily basis.

After much thought I have developed a simple program / online portfolio manager that will automatically go out to the internet and get the latest data for computing your stops automatically every time you login and notify you when you have exits pending using my theory which is explained a little more below.

It is a progressive, adaptive system and dynamically adjusts stops approached from two different angles. Instead of working with taking a fixed percentage of current price or relative strength changes, it measures individual volatility of the issue in question and determines the stop based on 66,44,22 and 9 day true trading ranges. As the stock moves into profit the shorter trading ranges influence the price more and move stops closer to current price. As momentum slows after a major move the trading excursions will naturally narrow as well which moves those stops even closer.

With this technique we can capture about 95% or better of a move without waiting for prices to decline to the point where you let a winning trade slide into oblivion. Additionally you can pick your level of risk from 4 different user scenarios to fit with your own trading style.

An added benefit is the ability to put in any trade from the last 2 years and have it automatically give you the exit date and profit level, drawdown, days in trade, trade high and much much more. just as if you had been tracking it live. The only information required is the Symbol and the Date of trade entry...It does all the rest!!

This stock investment tool is available to users of the Stock Trading System Services at http://www.pitbullinvestor.com