Quote:
Originally Posted by lewdog
The initial stop I set is a hard stop set at a certain price determined by the stocks recent low's before a possible trade initiation. In this case the buy price was 58.20 and the initial stop was set at 56.60 for 2.7% risk. This stop is raised if the stock continues to go up but is then determined by it's new movement, and many times set at intraday low's, so the percentage only matters for initiating the trade.
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Everyone evaluates or handles different but how do YOU handle stocks that are going to GAP down on the open, usually due to bad news like missed earnings or scandal?
