Monday, September 28, 2009

Where to place the stops?

Since I am so convinced that this is a bull market:

I have no stops these day on all of my stock trades.

my options has a limit in place still no stop

This is not dangerous, but getting back to basics.
  1. Technicals are all driven by fundamentals
  2. I have decided to be a trend trader, meaning I would rather take some significant fluctuations than being stopped out and see the stock make another run.
  3. THE MOST Important information of a trade is TREND, support and resistance are not even close to second.
  4. Swing trades are too busy for me.
  5. Big movement takes time.

There you have it.

shorts:

longs:

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