2 replies to this topic

[traderx]

How do you set stops when swing trading?

[hiker]

that is personal preference and depends on trader's risk profile and position size related to money management. in my case, swing stops vary depending on volatility of issue... If AAPL short today at 140..knowing it was iffy setup...I used a trailing stop to turn it into a profitable daytrade since swing trade was iffy If USB long today 1 cent above the 52wk low...well, again an iffy setup for a swing trade, so use a trailing stop or a fixed stop depending on how much room to give it..ditto with NFLX long today near 15.60 though with BBI earnings on Thurs. may want to give this one more room

[PorkLoin]

I like to get some confirmation that the market is moving in my direction. So, the idea is not just rank picking of tops and bottoms on expectation alone, but having the turn already made, or at least probably so, based on what I follow. Then, at what point is my analysis wrong? If I think it's going up, how far down must the market go to prove me in error, or at least to make the "probably" fade away? Doug