Quote from ilganzo:
I've been trading dummies for only four days. I found 20c trailing stops on a 15 minutes chart is what I'm more confortable with but I guess that margin should be relative to the stock volatility. I've been trading mostly NYSE names so far.
Cool, good to know. FWIW I'm using 30 min charts and once I hit a price that is 2 x the stop loss I exit half, then supposedly I'll let the rest run til the end of the day. However, in the two dummies I've traded, I bailed the second half far too early. KCI, most notably and I left more than I made on the trade on the table.
Thanks,
- The New Guy
PS I'm trading the options on the stocks for these.