frtaylor - depends on your trade objectives and risk tolerance.
I sold 1/2 mine on yesterday's spike and stopped out of balance
today as I'm short term until I see a CLEAN 3 bar break and
backtest on the Daily.
at least you are using stops, so you are trading with
discipline.
Steve and I unfortunately have had too many messages over the
years from guys who bought a stock never put a stop in place, then
come back to us wondering what to do after it's down 30%, that's
why stops are important, and you have one in place at
least.
You can always buy it back if you are stopped out and it looks
like it has set up again.
frtaylor - depends on your
TBT trade question for Steve or Matt
Posted by steve on 1st of Sep 2011 at 01:45 pm
frtaylor - depends on your trade objectives and risk tolerance. I sold 1/2 mine on yesterday's spike and stopped out of balance today as I'm short term until I see a CLEAN 3 bar break and backtest on the Daily.
Thanks for the reply. TBT
Posted by frtaylor on 1st of Sep 2011 at 01:49 pm
Thanks for the reply. TBT has been tough to trade.
at least you are using
Posted by matt on 1st of Sep 2011 at 01:50 pm
at least you are using stops, so you are trading with discipline.
Steve and I unfortunately have had too many messages over the years from guys who bought a stock never put a stop in place, then come back to us wondering what to do after it's down 30%, that's why stops are important, and you have one in place at least.
You can always buy it back if you are stopped out and it looks like it has set up again.
and... stopped out.
Posted by frtaylor on 1st of Sep 2011 at 03:59 pm
and... stopped out.