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just going thru this exercise myself, as a new trader.

for short term trades, in volatile stocks, am considering 2 basic methods, for short term trading.

one method based on 2*ATR to 3*ATR, other on 10% trailing stop,

preferring to hang them of the intra-day high.

hopefully soon will have backtesting software on hand to test.

have found it to be quite a dilemna, as I trade intra-day within the account as well, used 3% initial stop, and 1:1.5 R/R for that.

havent had time to fully analyse the results...that can be confounding as well..a trade closed or opened can look good the next day, then bad a week later etc (profit about 27% over 6 weeks so far)

did leave lots of profit on the table, but at least it was profit.

10% stop out hurts I can tell you, but it would have been worse if i hadnt.

hard work to trade volatile spec stocks on tight stops

good luck tony

<blockquote data-quote="awg" data-source="post: 303271" data-attributes="member: 11484">just going thru this exercise myself, as a new trader.for short term trades, in volatile stocks, am considering 2 basic methods, for short term trading.one method based on 2*ATR to 3*ATR,&nbsp; other on 10% trailing stop,preferring to hang them of the intra-day high.hopefully soon will have backtesting software on hand to test.have found it to be quite a dilemna, as I trade intra-day within the account as well, used 3% initial stop, and 1:1.5 R/R for that.havent had time to fully analyse the results...that can be confounding as well..a trade closed or opened can look good the next day, then bad a week later etc&nbsp;&nbsp; (profit about 27% over 6 weeks so far)did leave lots of profit on the table, but at least it was profit.10% stop out hurts I can tell you, but it would have been worse if i hadnt.hard work to trade volatile spec stocks on tight stopsgood luck tony</blockquote>

[QUOTE="awg, post: 303271, member: 11484"] just going thru this exercise myself, as a new trader. for short term trades, in volatile stocks, am considering 2 basic methods, for short term trading. one method based on 2*ATR to 3*ATR, other on 10% trailing stop, preferring to hang them of the intra-day high. hopefully soon will have backtesting software on hand to test. have found it to be quite a dilemna, as I trade intra-day within the account as well, used 3% initial stop, and 1:1.5 R/R for that. havent had time to fully analyse the results...that can be confounding as well..a trade closed or opened can look good the next day, then bad a week later etc (profit about 27% over 6 weeks so far) did leave lots of profit on the table, but at least it was profit. 10% stop out hurts I can tell you, but it would have been worse if i hadnt. hard work to trade volatile spec stocks on tight stops good luck tony [/QUOTE]

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