DayTraders After Market Lounge Monday 12th April, page-14

  1. 2,297 Posts.
    I get it, I like to time trades where you know a stock is doing well ST but it retraces, FA hasn't changed it's all good. It bounces and you are up, chuck a stop loss on (has to be the next day) and your that little extra bit ahead.

    PRL - A good example, if you want it, and I mean, a big position you'd buy slowly but get your fill then use maybe 10% to push up the closing price, then set a 2% trailing stop loss the next day on what was the closing price.

    People see the chart, it opens a few pips higher and your capital is well and truly protected. Trailing stop loss climbs with new higher close, feel free to pump the closing price higher till funds exhausted, landslide sell off the next day when said stock was only meant to retrace:... 2%

    Other side of the coin you start buying and the sell side restacks, well your out max 1 pip down. Always protect your capital.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.