POK chart, page-105

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TraderGT

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28/10/15

22:55

Post #: 16277607
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Originally posted by JPMax ↑

Thanks GT, I haven't had much luck with stops as I was setting them just above support instead of just below.. So they would hit my stop and then bounce back up and I would be at a loss and have to buy in higher. When I set the closer they always get hit in the volatility and then the price goes higher... So should I set them just below the support so that if it is broken I will have a stop in place?

With the trailing stop losses I set one for pok to trigger at 24 and have a four cent trail but when setting it up they state that the sell price I will get will more than likely be 3 pips below the trading price when my stop loss is triggered..ie. Making it a 5.5 stop loss..

Going any less than four cents with the volatility seems to be setting yourself up to be stopped out in a normal trading range.. This is where I get confused on the best method to set them... Obviously if you are close to your target price to sell you would have a very tight stop loss... But if you are wanting to trade a rising price for a while until it turns then you don't want to be stopped out too soon..

Any thoughts on my dilemma or am I just not seeing the first because of the trees....!??

Thanks for your time..

Expand

Ill answer that one tomorrow!

Quickly tho i have stops generally a pip below support so only gets trigged when its broken.

Ill think about your questions tomorrow off to bed! Lol

POK Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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POK chart, page-105

Top Stories

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

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Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects