[miche]

Thanks isatrader! I'm only trading 5-10% and trying to invest the rest. Cool I see how we got out in Bitcoin in last bull run because the increase in volume on down weeks is another key sign to tighten stop, the RS line was flattening out and in the fourth base. However I would have put stop once it broke support. Why would you have where you placed it? 

In the case of UUUU the price is far away 161% from the 30WMA. I don't currently have a stop on it and planing to ride out the entire stage 2 run. Would I just wait for price to catch up to 30WMA? I'm not sure where I put place it in this case since it's so extended. 

Good practice back testing stops. Thanks!



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IIn the case of XOP the 30WMA is far away from the price action. I got in at 61.15 I wouldn't want to place it below that price. Same for Bitcoin if I place stop below 30WMA that's 200% away from price. UUUU also 30WMA is far away from price. In this case when price is far from 30WMA where would you set your stop loss for investor method?  

I'm testing it on other stocks that aren't as extended FCX/NTR looks like I put the stop in the right place. Thanks appreciate it!
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Personally I would start by moving your stop losses to at least breakeven, as you should never let a decent profit turn into a loss. i.e. a rough guide would be, don't let a 20% gain or more turn into a loss. The 30 week MA will begin to catch up over time, and won't be so far away as the Stage 2 advance progresses, but you will have to be willing to give up over half of each swing advance on each pullback, as that is a normal reaction, and what it takes to ride a major Stage 2 advance the whole way. If you can't stomach those kinds of pullbacks, then I recommend using short term trader methods where multiple closes below the 50 day MA becomes the point where you consider an exit instead, and you will catch smaller moves, and try to trade in and out of the position on the short term advances.