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