RE: Stage Analysis Beginners Questions
(2020-10-14, 10:40 PM)miche Wrote: Wow this is a wealth of information! Thanks for putting everything together. So I'm a beginner and have been doing small trades for practice while learning at the same time. I did get stopped out of a position today with FSLY I had it set at a trailing -6% since I'm still learning the swing lows and highs. Would the trader method have the stop at 121.29? Basically is 121.29 the swing low?
Also is there an event where the stop loss will trigger late and how I can I avoid it. For example, I have -5% trailing stop during extended hours the stock tanked.
Thanks!
No, it hadn't had a swing low since it broke out above the 99.69 pivot high. So was way extended short term, as had a very powerful move higher. A swing low needs to be obvious on the daily and weekly charts, not a minor move intraday.
FSLY getting killed in the after hours on an early pre-release of sales numbers. Is down over 30%. So you are fortunate to have the option of an after hours trailing stop. As lots, myself included here in the UK, can't trade after hours. So am going to get a massive gap down below my stop loss at the open tomorrow, unless it recovers. but that looks doubtful.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.