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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (3904)	9/13/1999 8:06:00 PM
From: HairBall	Read Replies (1) \| Respond to 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

To: Eric P who wrote (3904)	9/13/1999 8:49:00 PM
From: Eric P	Read Replies (3) \| Respond to of 18137

To the thread: I just ran across a great Q&A section in the Pristine site. Quite a bit of very educational information. They take trading questions on the site and give a detailed answer to a question every day. You may want to take a look. (http://www.pristine.com/qanda.htm) This is on a 'free' part of their site. Good luck, -Eric Disclaimer: I am doing some work with Pristine, so some people may consider my opinion to be biased. However, I think there's more good stuff on this link than in most daytrading books.