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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: sweetchuks who wrote (8137)4/21/1999 1:40:00 PM
From: Rob Davis  Read Replies (1) | Respond to of 62348
 
> stop kicked out at $2.62 on mcf, dammit! too tight i guess.
> Whats a good stop-loss %? 10%?

Depends on how much you are willing to lose. Pretend MCF was trading
at $1.55 right now after a mutual fund dumped it...you'd be pretty
happy about your $2.62 stop being hit. Would you be as happy with
a $2.42 stop being hit? No, but you'd still be holding your shares
now at $3.20. It's just a big trade off.

In the long run stops will help you more than they hurt you.

Cheers,
Rob



To: sweetchuks who wrote (8137)4/21/1999 3:01:00 PM
From: New Economy  Read Replies (2) | Respond to of 62348
 
I have had it with stops...set them only if you think it is very speculative otherwise ride it out team.



To: sweetchuks who wrote (8137)4/21/1999 5:07:00 PM
From: sweetchuks  Read Replies (1) | Respond to of 62348
 
If i may ask you kind folks........what ta indicators do you use? You can be very brief. Like momentum avg? macd? on your daily charts? I know yall have MD, but cant afford that yet.

thanks in adv.,
sweetchuks


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