Recent content by Scrittitrader

Hmmm....I did just find this tidbit....Breakeven stop - this is calculated on the entry day and is implemented when the stock passes a "transition point". (eg. Move my initial stop to a breakeven stop when the price closes 2 ATRs above my entry price). I believe this transition/breakeven stop...

Thanks for the response - I am a swing trader (3 - 5 days max) and I am well-versed on money management and the 2% rule. Thanks for your response - anyone else care to weigh in on breakeven triggers?

Hi all - I need help developing a strategy for moving my initial stop to breakeven. In the perfect world, your initial buy entry point is the same thing as your breakeven. Having said that, when I am long a stock, I would never move my initial stop up to my initial buy entry point as I...

I'm curious -- when I set up an order to sell a stock short, what sort of order should I enter - a sell limit, sell stop, etc. I've read that I should place a sell limit order just above the bid - which makes sense in theory, but what if I don't want to risk missing the move down ? Can't I...

Hi - I have a question about Linda Raschke's Momentum Pinball set-up and the RSI. I'm using stockcharts.com - how do I plot a 3 period RSI of a 1 period rate change as she suggests in stockcharts.com? Do I simply set RSI to 3 on the Daily Chart or is there some other parameter I need to...

Thanks! I will take a look at Daryl Guppy too. I have made a lot of progress and now have a better appreciation for position sizing and risk management. I found Colin Nicholson's Building Wealth in the Stock Market to be enormously helpful as he provides real world examples. He's very...

Hi folks - I am reading Micro-Trend Trading and am really enjoying the book. If anyone else has read it, can you help me out? I have a question about setting up screening for volatility from page 47 of the book. As an example I'll select the Overnight Trading system. I am using finviz.com...

Thanks to everyone for staying on task and focusing on my original question (!)- who has time for 95% tangents anyway? Your advice has been very helpful - I have been reading a bit more about swing trading strategies and found this link specifically on money management -- see...

Thanks all for clearing up the muckity muck - I seem to be on the right path. And no worries, $10,000 is just a hypothetical number for mathematical finesse. But I do appreciate the word of warning. And I'll be careful not to interchange the words "investing" and "trading" as I move forward on...

Thanks Jpennybags - I get the 1%, 2% arbitrary part - but I still can't seem to get the answer I'm seeking on-line, nor from the books I''m reading - Is my risk calculated by my entire portfolio (every last stinkin dollar) no matter what stock position size I am taking (say my entire $10,000...

I have a question about position sizing and investment risk. I understand that a 2% risk on a $10,000 portfolio would be $200. But what if I only want to invest $5,000 (half) of my portfolio in one stock and keep the other $5000 in cash? Is my 2% risk now just $100 ($5000 x 2% = 100) or is my...