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Thread: Seeking advice re getting stopped out!

  1. #1
    Join Date
    Aug 2008
    Posts
    2

    Default Seeking advice re getting stopped out!

    Dear Folks:

    I am new to this forum and seek advice from experienced swing traders. (I am a relative beginner with approximately 6 months experience "swing trading"). My strategy is to wait until a stock is near a good support level, on a longer term uptrend, buying after decline in price with one indicator such as a stochastic indicating that the equity is very over sold.

    I seem to be getting stopped frequently with my stops set at 1.5%-2% Are my stops too close for swing trading? I anticipate holding for between a few days to a few weeks. I just don't know if I should widen my stops?

    Any advice is appreciated. Thanks to all in advance who reply?

    Acroreef

  2. #2
    Join Date
    Feb 2008
    Posts
    538

    Default

    Hi- have you used my 10-day ADX>40 trading only stocks $30-$80/share with 10% range on 10-day chart (max stops $1.50 per trade) technique?

    -Ken

  3. #3
    Join Date
    Aug 2008
    Posts
    2

    Default Getting stopped out.

    Hi Ken, thank you for the response. Where can I find out more about your "system? I'm not familiar with it.

    Acroreef

  4. #4
    Join Date
    Feb 2008
    Posts
    538

    Default

    Hi - all my systems are available via www.daytradinguniversity.com ; the best ones are the 2 at www.tradingvideos.com and www.stocktradingsuccess.com

    Thanks,

    Ken

  5. #5
    Join Date
    Feb 2008
    Posts
    538

    Default

    Trading wide on small size, many stocks (200+), then scaling into winning positions is working great for me right now.

    -k

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