Is there any protection where we could place a Trailing Stop Loss before market close in the above stocks at least and it gets TRIGGERED @ market Open if its Open is below our Buying Price for the "ADVANCED ACTIVE TRADERS"
This is beauty of position sizing and revising the trailing Stop Loss regularly. You always hold the Profit making trades till it gets triggered out and exit the loss making trades at the earliest.
In days like this, feel grateful that I don't take position in future stocks anymore. Thanks to you sir for simple and effective risk management formula (1% rule). Additional benefit-Peaceful sleep at night :)
Is there any protection where we could place a Trailing Stop Loss before market close in the above stocks at least and it gets TRIGGERED @ market Open if its Open is below our Buying Price for the "ADVANCED ACTIVE TRADERS"
ReplyDeleteUse hourly charts
DeleteThis is beauty of position sizing and revising the trailing Stop Loss regularly. You always hold the Profit making trades till it gets triggered out and exit the loss making trades at the earliest.
DeleteIn days like this, feel grateful that I don't take position in future stocks anymore. Thanks to you sir for simple and effective risk management formula (1% rule). Additional benefit-Peaceful sleep at night :)
ReplyDeleteBeing able to sleep well at night == best position sizing
DeleteSir not receiving your comment update via email.
ReplyDeleteThis is a new commenting system I am using. Here you will need to click on the "Notify me" box for every thread you are commenting on.
Delete