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Strategies & Market Trends : DAYTRADING Fundamentals
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To: David L. Carter who wrote (77)6/6/1999 12:50:00 PM
From: TraderAlan  Read Replies (2) of 18137
 
David,

<identifying the right price to stop a loss or to enter a stock>

In scalping or positioning, the best trades will have almost identical entry and exit points. IOW, price only needs to move a short distance to prove that you were wrong (realistically, you need to add on some whipsaw room).

A simple example is buying right at a trendline. Price goes through the line and you're out.

Alan
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