How could they do that without any advance notice? That seems completely wrong. Hell, even the CME gives a minimum 24-hour notice before some major change?
Thanks, learning plenty from you. I have a couple of questions if you don't mind: 1. How tiny are your stops and what criteria do you use to determine them? 2. How do you scale in and what determines when you do it? Thanks.
How do you determine which stocks to put the buy stop orders on? Is it via TA and if so, how? Many thanks.
Sure.. see my TASC articles for details... I initiate new trades by buying just $500 or so worth of shares for stocks and ETFs taking out 2day highs. So 20 shares of a $25 stock for example. I scale in by doubling the position once it's gone up $2 or more. I scale out if it loses 2day lows. Timeframe roundtrips 3 to 15 days. I primarily trade stocks and ETFs priced $15 - 40/share. All trades use ta price action patterns. See also my dozens of free articles at equities.com for details: https://www.equities.com/user/kencalhoun
Thank you, you've been really generous. Your articles on the Equities site look good. Are these the TASC articles you referred to?
Bare Bones: I buy stocks that are going up. I keep them if they continue to advance. I sell if they break their trend line. I know it's old hat but I keep my losses small and let my winners run. In March I sold some positions I had held since 2009.