Normal
Niz,One of the things I plan to implement into the system I am working on is to tighen my intial stop after a given MFE. This is a mechanisation of the trailing stop idea that tech/a talks about. How many discreationary traders would move their intial stop to breakeven (inc. brokerage) after an MFE of greater than 10%?If you don't do this and the stock fails the breakout then your trailing ATR or MA or whatever else you are using as your primary exit, may never overtake your initial stop and you effectively give back a 20%+ on that trade (from the peak of the MFE, assuming an initial stop of 10%).ASX.G
Niz,
One of the things I plan to implement into the system I am working on is to tighen my intial stop after a given MFE. This is a mechanisation of the trailing stop idea that tech/a talks about. How many discreationary traders would move their intial stop to breakeven (inc. brokerage) after an MFE of greater than 10%?
If you don't do this and the stock fails the breakout then your trailing ATR or MA or whatever else you are using as your primary exit, may never overtake your initial stop and you effectively give back a 20%+ on that trade (from the peak of the MFE, assuming an initial stop of 10%).
ASX.G
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
