By no means advice, more just an idea, perhaps look @ using a multiple of the 'Average True Range' metric to define 'Stop-Losses' for each trade, to limit 'risk', after all, investment, at it's core, is really about risk-management...
It works reasonably well for me, I myself generically use a multiple of 2x... I use a trailing-stop once there is some 'room/fat' in the daily price/ATR range, prior, just a 'fixed' figure...
I was 'stopped-out' yesterday on BLA with a ~5% profit, should've really also kept a trailing 'take-profit' when it hit 15% or $2.50...
Live and learn I guess, it's the nature of the game...
Better trading in future @ac_AgenCy...
ML
- Forums
- ASX - By Stock
- $4 bucks in 4 weeks!
By no means advice, more just an idea, perhaps look @ using a...
-
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online