Hello Sharad, I'm a swing trader and ordinary trailing stops don't work very well with my strategies and markets I trade. Break-even stop is psychologicaly very good thing. At the same time when you protect your risk capital, trade becomes a free lunch.
Smrcek --- In [email protected], Sharad Kapadia <bizcon.kapa...@...> wrote: > > Hi, > > It is good that we have an opportunity to see the price moving up by 5%. But > for a day trader, that is good reward. Therefore, it is not prudent to have > the stop loss at buy price+brokerage+tax etc. if the price retreats. There > should be a Trailing Stop Loss of approx. 2% which will automatically ring > the bell to sell off with retreating price. If the price advances further, > then we are still in the trade and the trailing stop loss will move up. e.g. > if it goes to 9% plus, then the trailing stop loss should be @ 7%. Thus > whatever happens, we make some money, protecting the capital at all times. I > think that is your main contention in this coding. > Best wishes. > > Sharad Kapadia >
