Say you bought a stock at $2. Is it wise to set a stop loss at 10% less ($1.80) and a sell long order at 25% ($2.50). This way, there is no emotion because the orders have already been set. However, this approach doesn't allow you to watch for the stock if it goes higher. Opinions?
Posted Feb 01, 20 1:28 PMbyMadison
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The best way to see if it will work or not is to run multiple test. Have a sample size of at least 25 tickers in the same market (ie Nasdaq, NYSE, AMEX, OTC) same market cap, around the same float and news. If you do that you can get a real sample size to see if this strategy would work. Hope that helps.
@tradewithvlad Thanks for your idea!
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