Posted by rgoodwin on 19th of Aug 2008 at 10:25 am
Notice Matt's reply a few posts below. No one can tell you where
to put stops. You have to decide your own tolerance. If Matt
suggests a trade via the watch list, it sometimes will have a 2 - 3
point stop, sometimes more. Can you tolerate that much? If not, you
have to decide on your own what makes a good point to get out.
There are suggestions in various books previously posted about on
this blog as to how to decide on an OBJECTIVE stop - but objective
or not, you have to decide before you get in.
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STOPS
Is Dig a sell? Thought it was a swing trade?
Posted by rgoodwin on 19th of Aug 2008 at 10:25 am
Notice Matt's reply a few posts below. No one can tell you where to put stops. You have to decide your own tolerance. If Matt suggests a trade via the watch list, it sometimes will have a 2 - 3 point stop, sometimes more. Can you tolerate that much? If not, you have to decide on your own what makes a good point to get out. There are suggestions in various books previously posted about on this blog as to how to decide on an OBJECTIVE stop - but objective or not, you have to decide before you get in.