Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 182.35

-0.6%

Dec 5 9:30 AM EST

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To: DM who wrote (389)	11/10/1998 11:47:00 AM
From: Trader J	Read Replies (1) of 56535

I use stops on companies that I know nothing about that usually trade in the single digits. I personally am not using stops right now on ABTX or CIEN. If I were to on CIEN, I would place the stop at about 16 1/2 to 17. On ABTX, about 11 3/4. A lot is determined from the daily intraday swing if you are familiar with the stock you are trading. The best way in my opinion to set a stop is to determine your down side limit, that which you are willing to lose if the trade goes bad and set it there. If I trade 5000 shares I typically don't want to lose more than 1/4 to a 1/2. Also depends on if I am in the stock before the news comes out or if it is just pure momentum. Basically, it all is based on what you feel you can lose on a bad trade. Be careful of placing to tight a stop however because the MMs can bring down the price to take out your shares if you have a significant holding. HOpe this helps. Good luck TJ

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