RE: Stop Loss Positioning Guide
(2019-02-06, 02:14 AM)Red Barron Wrote: I still don't know where the 3.72 and 4.96 figures came from.
Stan recommended additional buying on a pullback to the 56 to 57 zone. So as the 200 day ATR was 0.809 at the time, and the investor stop position was at 52.99. That meant that 56 - 52.99 = 3.01. So therefore 3.01 divided by 0.809 = 3.72 times the 200 day ATR. Whereas if you bought at 57, then with the stop loss position at 52.99, that's 57 - 52.99 = 4.01. So therefore 4.01 divided by 0.809 = 4.96 times the 200 day ATR.
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.