[isatrader]

what are you using as your sell stop? looking at the daily, i could see using maybe 4.99?? but looking at the weekly i am not seeing nearby support. good luck and thank you for the post. i missed this one and added to my watchlist.

Hi gbarbs, you are looking at this from the trader method perspective I'm assuming, whereas I'm presuming as anupam384 posted it in the investor method thread because he's considering holding it for much longer than you would with the trader method. So hence the stop loss will be much wider under the 30 week MA and last significant swing low. However, if you were putting in a stop loss for the trader method the last swing low is too far away at around 7x the 200 day average true range, so you'd need to look for recent support and usually it would also go below the 50 day MA as well. So as the June swing high was at 4.97 and the 50 day MA is at 4.92, you'd probably want to put the stop loss a bit below both of those, which would give you a much more acceptable trader stop loss distance of around 2x the 200 day average true range.

For more detailed information on the stop loss positioning, there is a thread in the members only section which you can find here: http://stageanalysis.net/forum/showthread.php?tid=25 and requires you to register if you are only viewing this as a guest.