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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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.