Setting Stops

Discussion in 'Trading' started by jaythebull, Jun 26, 2008.

  1. I have a question for those who use stops. I put on a trade earlier in the week and set my stops. This is a stock I know that has some run up potential - but is prob due a shake out. I was right in that aspect so I just set some stops in my head. The stock blew through the stops I had virtually set. But I still held - and the stock did rebound back above my stops.

    I am curious. Do you always hold fast to your stops or do you leave some wiggle room in them. Do you set hard stops or do you just keep them in your head?

    I realize I could have really blown out on this trade - but I was actively watching.