Which stop-loss strategy do you use?
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farris
Apprentice
Joined: 28 May 2007
Posts: 2
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 Posted: 07/26/08 - 04:50 Post subject: |
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I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, which stop-loss strategy do you use, as I heard it is pretty important. If anyone could help that would be great.
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stavro
Apprentice
Joined: 06 Jan 2005
Posts: 4
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| Posted: 08/25/08 - 00:29 Post subject: |
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Any investment carries with it a risk in part. If you are day trading, no strategy is worth without stop-loss order, and in my opinion trailing stop is one type of it, where you are looking at establishing a long position by having a particular price trail market price. It is practically your insurance in one of the riskiest ways of trading, as it effectively sets a maximum loss per day. I hope you find the info helpful. For some additional info, go to http://www.investopedia.com/articles/trading/03/
080603.asp. |
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