jakspara:
I am not surprised that their stop was set where it was because 49c was an extreme price and support was oscillating around 52c....
They set the stop below the extreme price and above the next level of support the 50% fib level....and coincidentally the CR price!!! funny about that!
Once the stop was triggered it allows plenty of room to move to sit back and watch and think of getting back on board....which I am sure they have!!!
If they had set their stop to 45c then they would be fools!
Before you set any stop also consider what you will if it gets triggered....People seem to think that once a stop gets triggered then it's goodbye money never to be seen again....
Always be aware of the next level of support and watch for signs to get back in and an opportunity to recover your losses...
a word for the fearful, page-57
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