Entries and Exits are tough to figure for most people. The general rule is long at support, short at resistance. The problem is many wait for confirmation of the move so end up going in at the middle of the move or sadly at the end of the move.. Sound familiar? There are 2 things you can…
Tag: Setting Stops
KEWLTECH: Issue 033 – Stop Losses Don't Work!
In a recent comic relief session in a chat room, someone said Stop losses don’t work because the MM’s just takes them out. MM 1: hey look that dummy just put on a stop. MM 2: hey i have a sucker here too MM 1: i’m so glad we have this “Sucker Just Put On…
KEWLTECH: Issue 014 – Setting Stops
Setting a good stop is essential for risk management. Not too many people understand how to do that properly. So I’m gonna take a stab at it and hope you can benefit from it. Stop LossStockCharts.com Definition An instruction to the broker to buy or sell stock when it trades beyond a specified price. They…