Comments on: QQQQ down-trend continues; Amazon kindles an impressive gain

By: Dr. Wish

Dr. Wish — Thu, 12 Mar 2009 16:28:53 +0000

Setting stops is more of an art to me and based on personal tolerance of risk. I typically set it below recent support but close enough so that I will have a small enough loss that I feel I would buy it back if it moves up again. I NEVER hold a momentum stock that CLOSES below its rising 30 day average—the red line here.

By: Mark N

Mark N — Thu, 12 Mar 2009 14:14:24 +0000

You probably bought it after the gap, if so is your sell stop at top of gap? Or do you allow for stock to come down to fill the gap (below the red MA line) before you are stopped out? Thanks if you teach us that!

By: jim

jim — Thu, 12 Mar 2009 12:25:13 +0000

Below 60? or below top of Jan Gap? or under certain M&A?

Just curious as to what your approximate Risk Parameters are on your trades such as this?

Thanks