Recent content by Rick Merritt

Thanks for the advice. I will try to study more before I make a trade. Thanks

Thanks Thanks for the advice. I will try to study more before I make a trade. Thanks

I appreciate the response. I think you are saying, don't set your stops so close that it doesn't hurt a little if you get stopped out. I understand prudent money management and have no problem taking a hit. I have been using Trailing Stops. Is it better to use hard stops. Thanks again

I have a question about stops: I am trading ProShares (bear & bull )2X ETF's using 3 to 5% Trailing stops. I am getting whipsawed quit a bit. What is the best way and place to set stops in this crazy market on 2X and 3X ETF's. Thanks, Rick

I am trading ProShares (bear & bull )2X ETF's using 3 to 5% Trailing stops. I am getting whipsawed quit a bit. What is the best way and place to set stops in this crazy market on 2X and 3X ETF's. Thanks, Rick