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Posted in Stocks · February 8th, 2010 · Comments (5)
February 8th, 2010 at 12:43 am
oscar can’t you put your stop at any price you want? – why must you put it at the low of fridays price?
February 8th, 2010 at 1:09 am
Hello O;
Prudent & wise advice on “Swing Day” & also “one does NOT have to trade” every day…I learned that the “hard” way last year.
Thanks!
rj007
February 8th, 2010 at 3:08 am
Keith,
Let me start with TY for using stops to begin with!.
Yes, you you can place the stop anywhere your analysis tells you to place the stop, however, that would not be trading a “swing day” as a “swing day”. There are rules that apply to a swing-day trade. One of them is to place the stop BELOW the low of the previous day. I say…why have trading rules if you choose to not follow them. That’s why I will side step the first part of this day. Let’s see what we get. All the best,
Oscar
February 8th, 2010 at 5:46 am
makes sense cautioun better to have chips than burnt fingers
February 8th, 2010 at 5:48 am
got it – your trading rules are top priority as they should be – thanks for clearing it up and make a lot of money when you jump in tomorrow