RE: Stop Loss Positioning Guide
Hello, All!
Another noobish question!
As I look at charts, I see myself wanting to make 2 errors in setting the stop loss. The first is waiting for a MAJOR pullback before trailing the stop, which would cause me to leave a lot on the table. The second is trailing under every 3 week swing low, and getting stopped out on a pullback, where a looser stop would have kept me in. I've long thought that the decision of when to sell is much harder than the decision of when to buy! Can you give me any hints that can help me develop a feel for setting stops between these 2 extremes, and getting out on time, while at the same time not giving back the farm before I exit? I'll be setting all stops, at least for now, using the investor method.
Again, thank you so much for your assistance!
Tom