Stops

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MichaelB
Aug 12, 2021 07:17 AM 0 Answers
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Do you have any set rules for moving stops up when the stock starts moving in your direction?

Also as far as taking a position when your alert triggers is there certain criteria your looking for?

Great question! Yes! I use a 5% stop loss when I first buy the stock. I will allow a little wiggle room. But, I do not want to take more than a 5% loss on any stock trade.

If a stock I bought runs up I use the prior low as a stop. CRWD kept making higher lows and I moved the stops up. However, yesterday it made a new low below the prior low of $239.71 and I was stopped out. We bought the stock at $227 and I could have sold id at $270 but I wanted to allow it a chance to make a big move. It was disappointing. But, that's the way it goes. I never buy a bottom or sell a top.

I hope this answers your question about raising your stop-loss.

Thanks again,

Marty

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