Learning about Stops
Posted 24 February 2004 - 05:02 PM
Posted 24 February 2004 - 09:28 PM
Posted 25 February 2004 - 05:25 PM
Posted 25 February 2004 - 06:46 PM
If I get a very fast move in my favor, I will set the stop at about 50% retracement of the move. If I get a very fast move against me and I don't have a stop in place, I will often try to hold a bit longer and exit on dead-cat bounce (though that's dangerous, of course).
Thanks for starting this thread. I, for one, really appreciate it. If possible, could it be expanded to include:
How long do you hold on to a losing trade going against you? Pre-set dollar amount, percentage, combination?
Do you let a winning trade just run, or do you take the profit off the table after a certain amount, percentage, etc, and let the rest run.
I'm just interested in how you successful traders usually do it.
Posted 25 February 2004 - 08:20 PM
Posted 25 February 2004 - 08:30 PM
Posted 25 February 2004 - 08:35 PM
Posted 25 February 2004 - 08:59 PM