sir_badham_obe
Newbie
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I've started spread betting on individual shares in the FTSE 100 short and long. I usually hold them overnight for 2-3 days so I need a good stop loss. I'm struggling to find the best place to set my stop loss. As you can imagine I want to:
1. Close my position if the share is going against me to the extreme
2. But keep my position open if it is a normal fluctuation
I've had a couple of annoying stops which took me out just at the low of the day.
At the moment I'm setting a stop of 25 on a share of 1000 -2.5% I figure if the share is moving by more than 2.5% then something strange is going on.
Also do you think I should move my stop loss to lock in profits?
1. Close my position if the share is going against me to the extreme
2. But keep my position open if it is a normal fluctuation
I've had a couple of annoying stops which took me out just at the low of the day.
At the moment I'm setting a stop of 25 on a share of 1000 -2.5% I figure if the share is moving by more than 2.5% then something strange is going on.
Also do you think I should move my stop loss to lock in profits?
