Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: UnBelievable who wrote (4803)	6/13/2001 12:59:00 PM
From: AllansAlias	of 209892

Your stop loss depends on what timeframe you are trading and what the risk:reward is. If I like a setup and the risk:reward is good, then I'll use a wider stop. The first thing you probably want to do is trade less. I have cut down to 2-4 trades per day and it helps in this jello. If you are not being presented with a setup you know and love, then don't trade. The most important thing about stops is not the stop -- it's the entry. If you are patient (i.e., don't chase price), then you'll get an entry that will allow for a nice tight stop. On ES, 2-3 points is plenty for a normal s-t trade. If it moves against you more than that, well, you were wrong.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next