KGTrader4 Paper Trading Journal - My Training Wheels
- Thread starter KGTrader4
- Start date
Why 512? Your original stop was 22bucks away from entry now you are willing to risk 33???
Where is your next exit on the upside?
entry was 515, so risk was $21. I moved entry up to 512 how do you get 33? I’m pretty much ensuring that The trade doesn’t go from winner to loser. With a profit I feel I can be a little bit looser and give it some more room. Does that not make sense?
No next exit target stock has been on a tear since entry I suspect a minor pullback or a stall and build new base. So I will let it run. if that doesn’t happen and pullback becomes more than minor My stop order will take care of it.
if I had to pick a next target it would be 590
For another partial sell. There is really no overhead resistance whatsoever
Feel free to let me know if I’m missing something
Stock is at 545, your stop is 512, You are risking 33.
I dunno, is that the right way to look at it? My cost is $515 (really $512 on the remaining shares I have after the sale of the 10 at a $30 profit).so my risk is it becomes a break even trade.
If it moves higher I’ll keep moving up my stop
I look at how much of my portfolio I'll lose if the stock drops.
If you have a 10 dollar stock and it goes to 19 then comes back to 9 where you sell it. Have you lost a dollar or 10 dollars.
If you have 10 dollars in your wallet and win 9 dollars then someone picks you pocket have you lost 10 dollars or 19 dollars. How do you feel if you had earned the 9 dollars.
There is no house money. At the end of the day the value of your portfolio is part of your wealth. Any decrease in that value is a loss of wealth.
What's your process for moving your stop? How much are you willing to give back?
Do you have a process for letting your winners run?
