Thanks Brophy.  I appreciate you taking the time to respond.   Unfortunately I just don't have the availability to watch the portfolio during the day to get a "feel" for intraday activity.   I think that's one of my biggest challenges.    I am setting up trades for the breakout plays shown in the newsletter that automatically executes when the trigger price is hit.  I use ToS "One triggers all" to automatically create a stop trade at the same time.    When the market goes south, all my stops are hit.    This can add up quickly.    I may just have to have tighter stops and set up another trigger if I get stopped out.

    z0ned, I'm in a similar

    Posted by bulf6285 on 12th of Aug 2020 at 09:22 am

    z0ned, I'm in a similar boat to you. The way I handle it is position size. If I want a 50 share position, I buy 25 at the trigger, and another 25 lower in case of a backslide in price. This gives me a lower average cost and allows me to have a wider stop. If it never goes down, great... I just have a smaller position with no loss. Just my 2 cents.

    Thanks Bulf - That's an

    Posted by z0ned on 12th of Aug 2020 at 09:47 am

    Thanks Bulf - That's an interesting idea.   I'm going to test that out. - Matt.

    " Never average losses by, for example,

    Posted by brophy on 12th of Aug 2020 at 09:53 am

    " Never average losses by, for example, buying more of a stock that has fallen.” - Jesse Livermore

    I dont know if I

    Posted by arun on 12th of Aug 2020 at 09:58 am

    I dont know if I agree with this. If you understand the company well, then i would add. But if you are a short term trader its a different story. I was negative big on banks and airlines. But i added them strategically and made it big.  But if you are playing options, then you need to cut them loose because the risks are high

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