Hi CT79
If a share is over £10 then you should look at 15 points minimum or more.tight stops could be between 2 - 40 points long depending on the price of the share in question.


regarding strategy ...Look at a 3 contract rule.
chartsview.co.uk/learning/3-Contract-Rule.html
this is my own rule.

chartsview.co.uk/learning/First-touch-rule-trading.html

hope this has answered your questions.
there is more useful stuff in the learning section so thats the best place to learn how i do things.

Morning Remo, hope Ronnie and yourself are well

Quick couple of questions if I may?
When you're talking about tight stops on shares of this high value, what do you consider tight? 5pips?

Also, when buying at support for the bounce - what's your strategy for taking your first tranche off the table? Would it be x amount of points before moving stops and letting the rest run?

Thanks for all these share tips you are producing, I'm finding this to be a great section of you site.

Cheers
CT79

This was a trade from this weeks share tips.

This was meant to be a long from the trend line but this gapped down massively today so would not have entered the trade.I have a simple rule around gaps..Dont trade the first half hour of the stock market
Now im looking to go long on a first attempt of major support at 2034 on a first attempt trade. Stops should be tight.



dl.dropboxusercontent.com/u/4899609/weir4thnov.png

Possible day trade on the first attempt of the gap fill at 2293 .Use tight stops of at least 15 points.


dl.dropboxusercontent.com/u/4899609/weir22oct.png

This has gapped down and is hovering around support area.

This looks like it has broken out of a trading range with rising MACD and RSI.

I would like to trade this at the retest of previous resistance (range break out point)....so if you have any views, please dont be shy to comment

dl.dropboxusercontent.com/u/4385922/WEIR0208.png