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Old 10-30-2007, 08:59 AM
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Join Date: Aug 2007
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Re: Help with Stops

Many thanks for all the recommendations. My first step is to follow Ranj's suggestions and record why I set a particular stop and if it was successful. I am also going back through my trade records to record the maximum incursion against my positions, both successful and unsuccessful.

A very good point for me is to trigger a stop only if the bar closes above my stop level. That would have saved me on a good many trades. I can't remember how many times I've had one trade go through that kicks my stop before the market moves back toward my entry.

Thanks again,

Bam-Bam

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