Just A Note

Guys, i need some advice. How do you guys figure your stop loss. I bought into ATHR because the chart formed a nice Cup and Handle, and the volume looked right.

I set my “stop loss” at 2% below what i bought it at. It limits my possible loss, which is good, but it also has a habit of washing me out too soon.

I bought ATHR at 33.80, set stop loss at 33.34, it dipped down to 33.25, washed me out, and then moved up passed 35.00+.

I’m not so worried about the little money i lost, but i don’t have a large account yet (less then $25,000), and if i BUY/SELL the same stock on the same day, too many times, i might get a 81 and/or 82 restriction.

7% is typical because if you do 2% you’re practically always going to lose out unless it takes off running in the beginning.

countdown to the million dollar pick…

I hate the analysts who cover UA. they are always downgrading the stock. they must be getting paid by Nike

So what is it????

Stop should have been 31.18 and the amount of shares you bought should have equal the the difference between 33.80 and 31.18 or 2.62 x say 500 shares. So 500 x 33.80 is around 17k and you should have been willing to lose 500 x 2.62 or 1300 if your 31.18 stop was hit. Since it never hit you could have sold at the close. You would have been stopped out on
11/09 anyway

I don’t even worry about stop losses because I use wize trade. But then again, I day trade and I’m at my computer all day long.

Stop losses are cool. My first stop loss with Wize Trade, saved me 5K.

I placed my stop-loss with wizetrade. Before I give my results…How did everyone else do? I’m curious.