I am very new to trading (2 months)so I used the 2*ATR method we read in books. We were getting stopped so often and lost $$ as we were following the "rules". We stop that method as imo it is dumb. We have now broken back even and are now looking for a new method - our method.
I tend to not use stops now, but rather watch the market and get a feel - if the RSI is high that is a good to sign to sell and when we have a profit of more than $300 we consider selling (yes we are not greedy, just cautiously learning for now!!!).
For example, we hold NCR and as we want the money to use in other stocks I will sell at a loss to make a better gain - rahter than wait forever for 8c!!. I did that (sold them) with LEG and SDL recently for a loss to get into EGO.
Just sold CEO for a loss to profit from AVQ and WHN.
