Day trading stocks with a stop loss

[skeltor]

You guys use mental stops or actual stops?
Putting in stops can be frustrating as they often times get triggered and then the stock move’s back upward killing your opportunity.

 

[KCalhoun]

oto both hard/trails, heres my live book now

 

[skeltor]

i am pretty good at a managing stop
losses with very liquid stocks. of a stop trades under 3 million per day, the swings can be too wild.

 

[easymon1]

a stop trades under 3 million per day, the swings can be too wild.

Wild swings can be systematically factored into stops if you trade that way.
Stevo demonstrates a way here that picks his stops and position size using the same tool, all cued up ready to go...
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-22#post-5406817

 

[GoldDigger]

My account won't allow stops on certain stocks
so I manage things by watching the ticker and
selling when the price reaches where I want.

I don't have hot keys either so I setup the sell
page in advance so all I have to do is click the
sell button.

The ticker is on a different website than my
trading account.

It's not ideal but it works for me.

 

[Mykhailo Vynnychuk]

I use tight stop. Also, it means I should estimate liquidity in the stock to avoid a big squeeze. So I don't trade stocks where I can't be confident about enough liquidity.