Would you suggest waiting like 15 mins once a stop is hit then? (to see if it rebounds?)

    How would you play this if you were not monitoring it and had to set a hard stop? Possibly set an alert on a mobile device or something? 

    I am on the Think

    Posted by z0ned on 2nd of Sep 2020 at 09:03 pm

    I am on the Think Or Swim platform.   I would set a GTC stop as part of a "one triggers all" order where the second order is a day order that triggers on it crossing the DVT.   Theoretically, this would get you out and in at the same price on the action like today.

    Interesting; I think I understand

    Posted by cozz101 on 3rd of Sep 2020 at 08:06 am

    Interesting; I think I understand what you are saying. So sell at DVT stop and then have an order in to buyback when crosses that threshold again? 

    I do use TOS but was considering setting alerts and using my mobile to wait 15 mins and take action if still below. Only thing, in a very fast moving market this may burn me. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!