Posted by junkmaylbox on 19th of Dec 2008 at 03:33 pm
rp, What is the size of your stops on your swing trade
positions, if I may ask? Do you use trailing stops or stops under
the last low before the current way up (like Stan Weinstein
recommends)? I am merely curious how you do that. I've never been
good with stops myself :(. Thanks for your input here!
I have had better trades past 6 weeks using market limit stops
.... I used to use trail but I had stops to narrow and would always
get stop to close to support test it would hit then my position
everytime would take off up.
Posted by junkmaylbox on 19th of Dec 2008 at 03:46 pm
cspirit, How loose are your stops?I am comfortable with 2-3%
stop losses, yet unfortunately they are often run out. I have to
use 4-6% stop losses, which often defeats the point. I haven't
figured out this stop thing yet :(
My stops are based on the amount of money I want to risk in a
trade (Not Total Stock Value). I range $300 to $ 900 dollars
I like to risk depending on size of my position.
I like to use support and ress. areas as entry via trend
lines. If my entry points are correct then stock moves in my
favor I sell 1/3 to lock in a profit. This reduces my overall
risk on remain position where I put in my orginal limit stop.
Not all my trades work. On ten trades I might only
get 2-3 runners and 4-5 small loss and 1-2 which do not work and
hit my stop. The 2-3 runners I get more than make up for all
the small losses etc. Money Management and each trader has
there own style.
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rp, What is the size
Posted by junkmaylbox on 19th of Dec 2008 at 03:33 pm
rp, What is the size of your stops on your swing trade positions, if I may ask? Do you use trailing stops or stops under the last low before the current way up (like Stan Weinstein recommends)? I am merely curious how you do that. I've never been good with stops myself :(. Thanks for your input here!
I have had better trades
Posted by cspirit on 19th of Dec 2008 at 03:37 pm
I have had better trades past 6 weeks using market limit stops .... I used to use trail but I had stops to narrow and would always get stop to close to support test it would hit then my position everytime would take off up.
cspirit, How loose are your
Posted by junkmaylbox on 19th of Dec 2008 at 03:46 pm
cspirit, How loose are your stops?I am comfortable with 2-3% stop losses, yet unfortunately they are often run out. I have to use 4-6% stop losses, which often defeats the point. I haven't figured out this stop thing yet :(
My stops are based on
Posted by cspirit on 19th of Dec 2008 at 03:53 pm
My stops are based on the amount of money I want to risk in a trade (Not Total Stock Value). I range $300 to $ 900 dollars I like to risk depending on size of my position.
I like to use support and ress. areas as entry via trend lines. If my entry points are correct then stock moves in my favor I sell 1/3 to lock in a profit. This reduces my overall risk on remain position where I put in my orginal limit stop.
Not all my trades work. On ten trades I might only get 2-3 runners and 4-5 small loss and 1-2 which do not work and hit my stop. The 2-3 runners I get more than make up for all the small losses etc. Money Management and each trader has there own style.