Stop Losses - when to use?

[Captain_Chaza]

I set a Stop Loss in my mind as an ALERT "Before I Buy" and adjust ONE DAY at a Time and ONE WEEK at a Time for the OTHER HALF

Whether it be a Tight Stop or a Wide Stop depends on how she handles the water in her recent history

I have always said ' a SAIL is a Sail is a Sail"
BUT
I have also always said " No Two Sails are the Same in the Same Sea and Weather Conditions"

 

[Smurf1976]

If you use the Commsec Trailing Sell CO it won't activate until price trades above the "starts at" price and won't trigger a sell order until price falls by the amount you set. If price falls there's no sell order in the market to protect you.

Excellent thanks, that answers my question as to how it works.

 

[LeFeek]

Stops need to be strategic imo , pure x% down levels are a bit lazy imo , the last thing i want to do is stop out of a trade in a place where if i had no position id be buying it . Below support levels by 'x' points is my type of thing . For me stops are generally are out of the way of noise . if you use tight stops journal these and see how many trades that stopped would have performed as intended with a bit more room . Analyze your losing trades , its where you learn the most about your trading . Quantify as much as you can , excel is fine for this to start with . Rising volatility should add some context to stop placement , tight stops in rising vol will generally get you whipped out quick smart . High vol for inexperienced traders should be counteracted with smaller position size and looser stops imo . Will equalize the risk for each trade

Thank you so much for sharing your insights on stop placement! I completely agree that using pure x% down levels can be lazy and may not take into account the underlying market dynamics. Your approach of setting stops below support levels by 'x' points makes a lot of sense, as it allows for some breathing room and avoids getting stopped out due to noise.

 

[qldfrog]

Thank you so much for sharing your insights on stop placement! I completely agree that using pure x% down levels can be lazy and may not take into account the underlying market dynamics. Your approach of setting stops below support levels by 'x' points makes a lot of sense, as it allows for some breathing room and avoids getting stopped out due to noise.

I asked this directly to lefeek on another thread with no answer but am i the only one to feel like this poster's style is an AI like post, or maybe i am not used to conciliatory, summarising posts. Nothing wrong with the content and the poster is not new so does not raise red flag
@Joe Blow , is it one of your experience?
Unless i watched too many Terminator movies in my youth

 

[Joe Blow]

I asked this directly to lefeek on another thread with no answer but am i the only one to feel like this poster's style is an AI like post, or maybe i am not used to conciliatory, summarising posts. Nothing wrong with the content and the poster is not new so does not raise red flag
@Joe Blow , is it one of your experience?
Unless i watched too many Terminator movies in my youth

I think you are probably correct here. I suspect Le Feek's account, which was originally a genuine account, may have been compromised by a spammer and these AI posts are likely a prelude to spam posts. ASF is locked down very tightly, but it is not difficult for a determined spammer to find a way through our defences.

 

[dyna]

am i the only one to feel like this

No , you're not . This poster ( from 17 years ago ! ) caught my eye this morning , too .
This sure clears it up for me .
Thanks .