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TOPIC: Regarding stop loss

Regarding stop loss 05 Nov 2013 13:36 #1

  • remo
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If you enter at support then the stop loss does not have to be large as the entry area is support so the share should bounce from there in the first place so hence why i always mention using tight stops ;) Tight stops could mean any thing from 2-40 points. The stops should not be more than 2% as if your entry was correct(entering at supports or resistance) then there is no need to risk so much .If you were to get bailed out then chances of a bigger drop is likely as the support or resistance was broken .
Long at support and short at resistance. That is where most trades should be executed. The exception to this is the 123 low trades which is based on different criteria.
This is the best way to enter and any thing else is just pure gamble. If you look at my trade history you should be able to tell how successful i have been and this is the sole reason for my success. How else could i get so many wining trades on a regular basis. :evil: Im not from the future :woohoo: :woohoo: Or am I :silly: :silly: :silly: :silly:
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