Stock Markets Exposed
Stock trading system?
I trade momentum. Problem I have is deciding on stop loss. Is it correct to use fixed percent stop loss and should I follow support/resistance as stop loss. While it is good to use support/resistance for stop loss. Most off the time support/resistance levels are much below and can not afford to that much loss. Any suggestions on placing right stop loss?? Please provide links if you are directing me to any internet resources. I am not looking for backing information on stop loss. Appreciate if it comes from a professional...
Public Comments
- diff stoploss base on ur buying see eg on my blog
- applying a stop loss depends on the state of the market , for example a deep stoploss is necessary on a very volatile day and a close stop stop loss in a market which is moving in a small range. i think you should close the trade if the momentum is going against your position despite having a stop loss.
