Support and Resistance Trading Forum

Stop losses
By:George Thompson
Date: 3/4/2010, 8:17 am

I have great trouble with them. I just placed a logical stop and within 6 minutes it was hit. Mild loss. But, the price shortly reversed and I would have had a nice $150 profit per contract in 15 minutes, if I had not been stopped out.

When I do not use broker stops and just watch the market, I second guess myself too much and sometimes I get hit with a large loss. I have had trouble with stops in every market i have ever day-traded.

How do you handle stop losses?
(Please answer only if you are a consistently successful trader, not an amateur like me.)

Thank you for your advice.

George

Responses To This Message

Re: Stop losses
Shifu the ONE NOW -- 3/4/2010, 6:08 pm
Re: Stop losses
Rob -- 3/4/2010, 8:26 am
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