Posted by padraigm on 15th of May 2009 at 11:19 am
That is a tight stop. Everyone is different but I usually allow
4 to 8% depending on the volatility of the stock. You had a 1%
stop. If it was intended to be a day trade no problem. if you
expected to hold it for a few days or more a wider stop is
appropriate.
Pat
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That is a tight stop.
What I did wrong
Posted by padraigm on 15th of May 2009 at 11:19 am
That is a tight stop. Everyone is different but I usually allow 4 to 8% depending on the volatility of the stock. You had a 1% stop. If it was intended to be a day trade no problem. if you expected to hold it for a few days or more a wider stop is appropriate.
Pat