DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (3904)	9/13/1999 8:06:00 PM
From: HairBall	Read Replies (1) of 18137

Eric P: I agree, there is no magic formula for stop loss points. But one should "always" have them in the plan. One must first look at the trading action of the stock to be traded and combine that with one's own loss tolerance. Stop loss points are one of the more subjective parts of a trading strategy. Additional influences for a stop loss point can and should be based on your entry strategy. For instance, if one is planing on initiating a long position at a significant support area of a stock that is loosing ground, one may well want to set a stop loss at a measured level below the support range. Of course there are many scenarios, this is but one example. Regards, LG

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