RE: Beginners Questions
(2018-11-16, 04:49 PM)Sartois Wrote: Hi all,
I was just wondering what people thought of Weinstein's stop loss system in trending or ranging markets. I've been using Elder's Safe Zone to an extent but, like many volatility stops, it works best in trending markets (which I'd assume is also the case for Weinstein's since it's a trend system).
I'm a bit stumped over a good system for ranging markets...
Alex
p.s. In full disclosure, a stop loss kicked in for a share of mine, and then the price popped up by 5%...bah humbug, etc.
Yep, it's no good for ranging markets. It is meant for when the market is in Stage 2 and the stock is also in Stage 2. Currently the various markets are in Stage 3 or 4 mostly. So it is easier to to avoid the chop entirely, and only trade long when the market is in a Stage 2 advancing phase imo.