Looking at today's buying action in oil tankers, I would say not
today. Always use stops, trailing stops and you do not have
to worry about that aspect. The market doesnt care what we
think. IF you have a profitable position you protect it with
using stops. You can do 3 stops. One at each crucial
support. So you get stopped out and take a profit on one,
then if the stock goes back up you still have some shares to ride
out the next leg. Money management is the key to successful
trading, buying is the easy part.
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Looking at today's buying action
2020 in one sentence: A roll of toilet paper is ...
Posted by ssaffer on 20th of Apr 2020 at 04:43 pm
Looking at today's buying action in oil tankers, I would say not today. Always use stops, trailing stops and you do not have to worry about that aspect. The market doesnt care what we think. IF you have a profitable position you protect it with using stops. You can do 3 stops. One at each crucial support. So you get stopped out and take a profit on one, then if the stock goes back up you still have some shares to ride out the next leg. Money management is the key to successful trading, buying is the easy part.