@grantpairs Hi, I see you have been on a good streak lately and I had a question regarding long trades. I set a stop loss of about 5% each time I'm in a trade and I usually get taken out only to see the stock shoot straight up again. My question is, should I consider sizing in less and taking more of a percentage risk? Thanks in advance!
OHGI potential short here at 2.70 its spiked like this before and then faded for months but be careful, solid news and I can't trade it since I'm bitter for holding it for months long from the $1.70s and taking a loss just days before today's spike
Do you think it can pull a GEVO? crash?
I still owe you $10k...or not.
@MotherofHells just became a fully transparent trader today!
5/7/15 GEVO long. 127 shares at 5.44. Sold at 6.96 on 5/8 profit :181.61. This was a revenge trade after many losses. Lesson: I was so angry that my mind was clear. I forgot about my bills and my personal life. I had watched so many Tim Sykes videos that my mind frame was looking ahead in life and not worrying about bills or what money I HAD to make. It was a fuck it moment and I didn't care if I lost all my funds. Held over night and broke even the next morning. This is my first Tim Sykes strat
This was my first Tim Sykes strategy trade that I made (from what I know of it.)
*Instead, when deciding where to place the stop I would look to find the price where you know that your trade idea has been proved wrong. It may be a good idea to test your changes and see if you are improving by altering your stop placements.
The stop level will in some cases be much more than 5%, but as you say - proper position sizing will ensure risk is kept the same.
@grantpairs That explains everything. I was wondering where the heck you came from. October you say?...
@MotherofHells The uploaded trades start from Around October 2014 yes. Most trades are held between 0-21 days. I plan to upload my trades every month or so when I remember, as I cannot do a direct broker upload this is the only way. Australian brokers are not supported by profit.ly
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