Quote from Godwhacker:
You must use pretty wide stops, my brother. I stopped out of CTLM last week when it hit below 2.60. I'm now pissed I missed today's runup.
Quote from wwatson1:
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?
I set it at -8%, which seemed ok given the recent price action, volatility, and low price of the equity. Oh well, this is an art.
Quote from Godwhacker:
In other words you set wide stops. The question is always how wide. Apparently mine wasn't wide enough.I set it at -8%, which seemed ok given the recent price action, volatility, and low price of the equity. Oh well, this is an art.
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