I don't agree with setting your stops TIGHT at all.
Stop loss position must be relative to current volatility and recognized support/resistance levels.
The problem with daytrading is you must plan a whole trade out in a short space of time under pressure.
It requires you have a deep confidence and understanding of you trading method which comes with time......
unfortunately the way you are going your time will be up sooner than you...
Hi, I had to add a small charge as I was paying for web hosting and the site was taking about two hours a day. :(
I wish you the best of luck in your own trading.
:)
Im afraid you will rarely be right immediately after you enter a trade as long as you have the general consensus right thing's usually pan out. I set my stop's accordingly.
Has this helped?
This lot took me ages this morning hope you like it, There are a couple of stormers here take a bit of time to look at them.
Just click each stock symbol and you should be taken to the setup.... Enjoy! http://www.800bull.com/index.html