Stop orders

[easymon1]

Regarding the example in the linked post: If ya holdin overnight and not factoring those 'gaps' down, ya gets what ya play for.
Hell, It closed below the fitty on a downhill drag. Whatsa trader want, an eviction notice? The next morning, the intrepid day-trader rised and shined and got back in the game, no worse for wear after a Good Night's Sleep. How? - well maybe lika dis -
Trading the T-line - cut to the chase ...
Stephen Bigalow
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295

Investors? For you it comes with the territory, and given all the air displayed on that chart, that is an investor, and as such should not have a stop above that green ma at the closest esp after blowing out the fitty. imho.

How to set stops trading - https://www.dogpile.com/serp?q=how+to+set+stops+trading&sc=brboyfJVm23410

Don't wanna use stops. Fine by me...
https://www.elitetrader.com/et/threads/stop-orders.365261/#post-5550786

Here is why you hate to take stop orders:

 

[spooz]

Neither of these two charts need stops >1%. Stop reading trading books and figure it out for yourselves. With regards to the first chart, and with the full benefit of hindsight: why stay long after a failed breakout followed by the short term trend turning down? Also get rid of the moving average lines they are of no use.

 

[deaddog]

With regards to the first chart, and with the full benefit of hindsight: why stay long after a failed breakout followed by the short term trend turning down? Also get rid of the moving average lines they are of no use.

I stayed long because that was my plan. I actually considered that trade a success because I followed my plan.
MA's may be of no use to you but I use them. And yup I make money year after year.

 

[spooz]

That's what counts.