π POLL TIME! π
What's your preferred risk management strategy in breakout trades?
πΉ A) Using live stop orders
πΉ B) Avoiding live stop orders
Let us know your thoughts and why! #TradingStrategies #BreakoutTrades #RiskManagement #TradingMindset #TradingTactics #StockTrading101 #ProfitTaking #StopOrders #QuickMoves #TradeManagement #RiskManagement #TradingTips #DayTradingWisdom #DayTradingStrategies #StockMarketInsights #SuccessfulTrading #TradeLikeAPro #WarriorTradingTips #BreakoutTrading #AskPrice #Trendin
What's your preferred risk management strategy in breakout trades?
πΉ A) Using live stop orders
πΉ B) Avoiding live stop orders
Let us know your thoughts and why! #TradingStrategies #BreakoutTrades #RiskManagement #TradingMindset #TradingTactics #StockTrading101 #ProfitTaking #StopOrders #QuickMoves #TradeManagement #RiskManagement #TradingTips #DayTradingWisdom #DayTradingStrategies #StockMarketInsights #SuccessfulTrading #TradeLikeAPro #WarriorTradingTips #BreakoutTrading #AskPrice #Trendin
If it's really strong, it's moving quickly right now. I won't fill on the bit so breakout Traders Always buy the ask and then we also will try to take profit on the ask. We'll talk about that in a little in just a second. So um as soon as I get in trade sometimes people say Ross how do you manage your risk? Do you set a stop order? You know, What do you? What do you? How do you do this So I do not use live stop orders and I never have.
Uh the reason is because if you use live stop orders if you put a stop order out, let's say you buy 25 000 shares of the stock um that we were just talking about. Let's say by 25 000 shares of the stock at five dollars and you put a stop order at 475. it's a live stop order. Remember that broker dealers can see your stop order and they can stop hunt.
Thats tough , cause if u dont use a hard stop , n the trade doesnt go where your expecting. You better not let yiur mind talk you into not hitting close.
Itβs a double edged sword.
Thank you I never do stop loss
BUT ROSS , I could have sworn that you said that can see Trailing Stops but not the Stops ??? Please reply and also make a detailed video dedicated TO ALL the choices available to buy & sell and how they work.
I was thinking this! Had questions about this. Iβm starting to run into some issues and this may help. Thanks