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I understand that. I’m wondering about stop limit to protect against a gap down opening.

SmallFil, thank you. I only trade equity, not options. And I’m fairly new to trading, not trading much right now because of the environment and still trying to formulate a strategy and find my edge. I should add to my question, when you use stops, do you use straight stops, or stop limits?

When you establish a position, and use a stop to manage the downside, do you actually put in a stop, or do you use mental stops that you establish when buying. (Or selling) ive always felt like putting in a stop is inviting the market maker to grab your shit at just the wrong time. On the other...

I’m new, and still trying to figure the trading game out. No edge. I don’t even think I know what an edge is yet. But what I do know, is this is probably the most refreshing post I’ve ever seen on any forum I’ve ever been on . Thanks for being honest. one of the things I’m still trying to figure...

Thanks. Yeah I don’t expect it to be easy.

I decided I don’t have the right emotional makeup for day trading.plus I don’t want to be in front of a screen all day. I will however, devote a small piece of my portfolio to active management meaning stocks I’m ok holding for months, and using tech analysis to pick entry and exit points I...

I’m a former Financial Advisor (retired) (doesn’t make me smart, just makes me experienced) and in the same position, I’ve got 600k sloshing around earning nothing. The guys who said there’s no risk free options available earning more than CD’s. The closest you will come is something like SHY...

Forgive my newbie-ness, but what am I missing, for stocks at least, why don’t you move to TD? No commissions and Thinkorswim is pretty robust

Agree with Raheel. But it would be nice to know when to let winners run.

That’s exactly what I’m doing, x the mentor. you guys are my mentors LOL. (Being funny, but in real life, there are no jokes.)

Strategy on How to set targets, set a sell point

I understand the risk management part, I understand the importance of keeping losses small and not being afraid to take a loss. It’s the technical stuff, beyond the basics, that I need to learn better Thanks for all the responses.

You’d be amazed at how many people need a financial advisor because they are totally clueless about investing. I used to tell people, that I provide the discipline that they can’t provide for themselves. Which I guess is another way of saying what you said. But really so many people wouldn’t...

THIS^^^ And all three of these stocks are high octance momentum stocks

Murray, not sure what this means. You held it for a 66% drawdown in the past? I wouldn't hold anything for a 66% drawdown

No, but thats because my clients weren't a good fit for a MOMO strategy, I preached asset allocation, indexing, with some individual stocks around the fringes. Momentum stocks weren't in my wheelhouse. Also, managing other peoples money is a whole lot different than managing your own. I had to...

CRWD, right business at the right time, huge addressable market, subscription model so evergreen income, high customer retention rate and fast growth. Chart is monster. I mentioned that i probably chased this one too high, which is why i wrote the calls, and when/if they expire tomorrow i will...

Re "overall market in a downtrend". i think we've bottomed, look at a 20 day chart,SPX higher lows on 10/4, 10/6 and 10/13, and broke above the most recent high today. Similar action on QQQ. Just my opinion, as i pointed out, I'm no expert and somewhat new at this, so you probably know more than...

A lot of what you are saying rings true. Aside from the fact that i dont trade options other than the occasional covered calls or naked puts (i sold the Oct 275 calls on CRWD which i bought at 272 today, i will probably be sorry, but they expire tomorrow and the stock has really run the last two...

I get what you are saying. I always try, when i'm doing a TRADE, to have an exit strategy, and I'm willing to take small losses. My problem is, as i mentioned in my reply to Scap, is that UPST, CRWD, AFRM are stocks i like "long term" but that doesn't mean i want to hold them for 5 years. They...