StockFetcher Forums · General Discussion · Getting Started<< >>Post Follow-up
d27283
19 posts
msg #63410
Ignore d27283
6/5/2008 9:13:13 PM

It's tough getting started. I've been allowed $500.00 to begin to build our fortune. Using some moving averages I identified a stock(LSCC@3.77).
I had to go to work (the whole work thing is begining to cramp my style) so I set a trailing stop at 4%. The stock made it to $4 but my stop loss order went off at 3.80. Good news----I made money Bad news ----not enough to pay for the round trip.

chetron
2,817 posts
msg #63412
Ignore chetron
6/5/2008 10:01:09 PM

since your original plan was to exit if the ma(3) crosses below ma(13), why not set your stop loss each night at the value of the ma(13).




d27283
19 posts
msg #63413
Ignore d27283
6/5/2008 10:36:46 PM

That was my first trade and I happened to be home on a sick day. I was watching the chart and next thing I know it stops moving. After closing all my programs down and restarting to repair the clitch I noticed that what happened was the market closed...haha. It sounds so simple now that you point it out but at the time I was just sort of stunned, like the deer and the headlights and all that. So next time I'll all find the value of MA13 and set a stop loss accordingly. Hey Chetron how about an entery point that occurs late in the day? Would there be more, as they say " on the table " for the next day? Sadly I'm going to have to get this down to where I can set it up the night before and check it when I get home. I do have a phone(Blackjack) with internet. Once again thanks for taking an interest, you are very kind.

chetron
2,817 posts
msg #63426
Ignore chetron
6/6/2008 8:03:46 AM

actually, if you entry is at the ma(13) your stop loss should be 10% to give your stock room to move. once you have a profit, move it up to the ma(13).



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