tfw you forgot to put a stop loss in
Tfw you forgot to put a stop loss in
where do I learn all this terminologies
I'm a newfag
Have you tried google?
What is it gonna do, sink you?
tfw you use a stop loss
the stock dips a bit below the stop loss then surges back up again, higher than it was before
S T O P F I S H I N G
He doesn't use trailing stops.
READ THE STICK
We're you short Gold?
not putting stops immediately after opening a position
what is probability of touch
dead cat bounce fucks me every time.
I no longer use stop losses and I have adopted a buy and hold strategy
How do you determine where to put your stop loss?
I sure hope you weren't going short then you're fucked.
divide the buying price by two, then multiply the amount of decimal increments.
Works every time
then multiply the amount of decimal increments.
Could you give me an example if a stock is 1 dollar a share?
If it was a 1 dollar share, the pip incriments would be something like 1.00000
so that's 0.5*5 so your stop loss for a short is 2.5, so invert that to be -0.5 (which of course is hypothetical).
This only works on up to 10:1 leverage using an account of 1000 or greater value. (don't risk more than 1%.)
If you put a stop loss in 10% below what your buying price was, and a stop GAIN 20% above what your buying price was, wouldn't you usually win?
no, because majority of your stocks can still go down instead of up. You're assuming your stocks are 50/50
Depends what you're investing in. If you use this strategy on penny-stocks you will be bankrupt within a year. If you do this on a couple of highly """""predictable"""""" bluechips, it might be a decent strategy, but I don't think you'll beat the market with it so what's even the point.
I was once 27btc down on an ETH long.
Fortunately i was patient, and ended up closing for a 7btc profit.
Also a blue chip most likely will take a few years to get a 20% gain
tfw pulled my profitable dollar hedge at 8:27AM Friday morning to protect gains
Would have made like 10x, fuck
statistically speaking you're more likely to touch 10% either way than 20%