wwatson1 journal

Quote from wwatson1:

Damn you caught me red handed:eek:

If it hadn't have been for you darn kids I would've gotten away with it:mad:

Token Scooby Doo reference. Keep up the good work, my brother!
 
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 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.

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?
 
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?

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.

:D
 
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.

:D

You need to set your stop below substantially tested med- long term low's. Not a % from the trade price.
:)
 
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