RE: Stage Analysis Beginners Questions
(2020-01-20, 05:03 PM)alphatech Wrote: One perfect example is TSLA. Based on my knowledge the stop should be set around 327. It is right now at 510. that is about $183 difference. I saw this stock going down or up in a crazy way and to be honest, it will kill me if it would stop at 327 cancelling all my profits. It is on Stage 2 with no stage issues based to Stan. I'm also more on the trader side. NVDIA and AMD look like this graph as well.
By the way, I subscribe to your youtube videos fantastic job. Is the application that you are using calculate Mansfield or is something that you created?
Just my observation. If you buy in the above schenario at 510 and your stop is at 327 you are 36% above that stop loss so you could loose that much of your postition. In practice more with spreads, tradings costs and FX if applicable. So you need, in your scans, to bear in mind how far away the stop loss is.