Traders Laboratory - View Single Post - Help with Stops
Thread: Help with Stops
View Single Post
  #2 (permalink)  
Old 10-28-2007, 01:51 PM
MC's Avatar
MC MC is offline
MC is half man, half market!

Trader Specs
 
Join Date: Sep 2007
Location: NY
Posts: 475
Thanks: 107
Thanked 37 Times in 28 Posts
Send a message via AIM to MC
Re: Help with Stops

A few things I notice are...

The volume on the bar you got stopped out on while it was testing a mid-pivot was really low...Good chance the market won't be breaking that level on no volume/no demand.

The entry maybe should have been closer to the pivot level and/or the stop should have been a touch higher above the pivot.

I trade like a noob and am noob cause my emotions aren't where they need to be yet...but I do believe I will get there in due time. I'm a year into the market so I have time to lose my a$$ and learn.

Nice trade on the 2nd shot it seems though, so congrats on that.

__________________
Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
Reply With Quote