|
||||||
 |
Tagged with: beginner traders | stops
You place stop loss orders with your broker to automatically close a position if its price gets to a certain level (the “stop”). Sometimes news related to a stock can cause its price to change a lot during a day. Stop loss orders keeps these positions from having catastrophic losses. Closing positions is where many beginner stock traders fail. Proper stop management is key to success! I never hold a stock position without a good-till-canceled stop order. Otherwise all the money I have in the position is at risk: it could go to $0! There are many ways to determine where to put your stop. Continue reading “Stop Losses to Protect Capital” → Tagged with: market timing system
I developed my Stock Market Timing methodology in the following manner… I decided that my trading style was going to be longer term, more specifically, swing trading. I looked at many different timers and liked the VectorVest (VV) confirmed calls timeframe. In addition to the timeframe, I liked the VV timer in that it had been extensively tested by many traders and consistently made profit. In effect, I used the VV timer as my baseline. While looking at the VV confirmed calls, I noticed that I could make a lot more money if I could get the signal sooner, even 1 day early would make a big difference. Continue reading “How I Developed My Market Timing Methodology” → Recently I posted a presentation by Jim Tebay called Sample Trading Plan Using VectorVest. A few months ago I presented another one of Jim’s documents on exiting stock positions at the Las Vegas VectorVest Users Group. One of the biggest mistakes commonly made by stock traders is closing positions at the wrong time or in the wrong way. Continue reading “When to Close a Stock Trade” → |
|||||
|
Disclaimer Privacy Policy Copyright © 2010 Ipog LLC - Some Rights Reserved. |
||||||
Recent Comments