Yes don't use limit orders. I've used them before and price
gapped over them or didn't trigger. A generic stop order will
always trigger. Yes just like anything could you get stopped out
and then have the stock reverse, of course but as you saw from my
video (and there will a dedicated video later this week focuses
only on trade ideas, stops, etc) if you follow those simple
guidelines I lay out over the long run you'll make money. It's
about the long game, trading these ideas with a disciplined
approach you will do very well over time.
but again stop orders not stop limit orders. And again
everyone should be checking their stock holdings once a day for
significant news etc that could cause a large move of gap
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Yes don't use limit orders.
Big educational newsletter tonight on trade ideas
Posted by matt on 13th of Oct 2020 at 09:02 am
Yes don't use limit orders. I've used them before and price gapped over them or didn't trigger. A generic stop order will always trigger. Yes just like anything could you get stopped out and then have the stock reverse, of course but as you saw from my video (and there will a dedicated video later this week focuses only on trade ideas, stops, etc) if you follow those simple guidelines I lay out over the long run you'll make money. It's about the long game, trading these ideas with a disciplined approach you will do very well over time.
but again stop orders not stop limit orders. And again everyone should be checking their stock holdings once a day for significant news etc that could cause a large move of gap