do u use trailing stops per default? and how u would set a trailing

>>1419193
Never use a stop loss. just dont.

>>1419220
pls explain!

>>1419193
You use something called Chandelier stop, automatically trails your stop as a fixed percentage of the ATR.
If you want to use a hard take profit, you can target monthly/weekly high/low.

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202KB, 1320x742px

>>1419193

Buy and hold forever. No need for stop loss.

>>1419223
Instead of stop loss, you have to buy. The lower it goes, the more you buy.

>>1419326
thats rediculous. this can only work if u have an unlimited amount of time and money. like a gambler who cant stop

>>1419286
thx

>>1419326
what the hell are you talking about? You set a dollar or % threshold on a security you own, and it adjusts up with price, but not down. I use them on something I want limited exposure to and don't mind if it sells.

Only issue I have is that (at least with Scottrade) they expire after a couple months, so you have to reapply. I have also heard that if the stock gaps overnight it might not be triggered, but no idea if that is the case anymore.

>>1419193
Don't use stops, just watch your positions and have some sell discipline if you're down 10 or 20% or whatever losses you're willing to accept if the market moves against you. The problem with stop losses is even though you might set it at 15% it will execute at whatever price the market is at. I learned my lesson the hard way last August during the flash crash. Had some stops and the market tanked on opening so the stop losses executed at damn near the bottom and then the whole thing rebounds like nothing happened. Too bad for me I was out. Never going to use stop losses again.

>>1419430
and now imagine the shit went worse, going down 30%. u just had bad luck

>>1419193
"Im going to use a very small window stop loss"

"Hmm, I wonder why every other day I have to rebuy in."