Thanks I don't spend a lot of time on YouTube but I'll stick this on my watch later list. I use a hammer pattern as one of my set-ups, if all...
Good question and I don't know the answer. Institutions trading against institutions. Drive the price down until buying pressure takes it back...
Personally I don't think they even know where my stop is. They are looking for liquidity. If that happens to be where the majority of retail...
I'd argue that the main reason is human nature and lack of money management and risk control. Basically we hold on to losers too long and take...
:)
How do you determine your max loss per trade. How does that influence your position size. I mean if your max loss per trade is a fixed dollar...
How do you define an emergency stop? Can you give an example of when you would use it.
Then what triggers an entry? For me I look for a pullback then a bar that closes near its high and enter when price moves higher than the prior...
We are on the same page. Rather than using a stop, hard or mental, I use a what I call a stop trigger. The price has to trade below a certain...
Fair enough. Are you day trading or swing trading?
What happened Vanzandt, you get bit by a turtle?
From May last year. I have to admit I doubted you last year and was proven wrong. Although you could have sold in May, gone to a money market...
That doesn't make any sense at all. If you have a stop loss I have to assume that you are already in the trade. At that point you should take you...
Right but you probably have a portfolio with a bunch of positions underwater that are tieing up your capital and preventing you from taking...
Not sure what you are suggesting here. Are you saying that the entry is mental and you wait until your stop is hit, then you buy? Or are you going...
It's what winning traders use to control risk.
What is the difference? If your stop is at $10 and it trades at $9.99 does it make a difference whether it's a hard stop and gets filled right...
Two quotes from Mark Twain come to mind.
Take Will Rogers Advice; "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go...
I'm curious as to why you would set a time limit on a swing trade? Or are you buying call options 6 months out and limiting your risk to the price...
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