...what a bad joke. I bought CSIQ yesterday with a stop below
9.30. I got stopped out at 9.14 at 9.30.00 and 5 seconds
later CSIQ was at 9.50, now at 9.62.
A good strategy is to try setting it below a logical candle or
support (after considering the ATR-the amount it will usually move
in that time period). The only other problem I find is that
many times by doing this it makes my risk to reward much worse.
Usually I would prefer that it doesn't move that far down
before I get rid of it and so...
Most of the time what I really end up doing is setting my stop
(with a mental or trade sheet stop ready) after I purchase.
But then I have to watch it after purchase. If you do
that you can't be hesitant to get rid of it if it is moving against
you.
Sometimes it's just better to wait until the crazy first 15
minutes of the day is over to do anything at all.
This happens all to often with thinly traded stocks, the market
maker knew where your stop was and took you out. It's the way they
make the millions and you pay.
If you want to hold a stock like this then take your stops off
for the first 1/2 hour and let things settle out.
stops in place.....
Posted by zwyss on 20th of Jul 2011 at 09:36 am
...what a bad joke. I bought CSIQ yesterday with a stop below 9.30. I got stopped out at 9.14 at 9.30.00 and 5 seconds later CSIQ was at 9.50, now at 9.62.
What should I do? Never set a stop?
Stops are sure an aggravation
Posted by johnc on 20th of Jul 2011 at 10:09 am
Stops are sure an aggravation at times.
A good strategy is to try setting it below a logical candle or support (after considering the ATR-the amount it will usually move in that time period). The only other problem I find is that many times by doing this it makes my risk to reward much worse. Usually I would prefer that it doesn't move that far down before I get rid of it and so...
Most of the time what I really end up doing is setting my stop (with a mental or trade sheet stop ready) after I purchase. But then I have to watch it after purchase. If you do that you can't be hesitant to get rid of it if it is moving against you.
Sometimes it's just better to wait until the crazy first 15 minutes of the day is over to do anything at all.
This happens all to often
Posted by ditch on 20th of Jul 2011 at 09:40 am
This happens all to often with thinly traded stocks, the market maker knew where your stop was and took you out. It's the way they make the millions and you pay.
If you want to hold a stock like this then take your stops off for the first 1/2 hour and let things settle out.
This is why I only trade ETFs.
Aren't trailing stops still invisible to the mm's? What about ATR stops?
Posted by lessarda on 20th of Jul 2011 at 10:32 am
Does any platform have them for use now?