Low- Wizard some knowledge if ya please.
I am getting my bracket goal % established prior to entry based on support and resistance, and using stops loss brackets as well, buttttttttttt on fast running stocks I am selling out prematurely and sacrificing a lot of potential gain.
I know the bit about trailing stops butttttttttttt if the spread is too wide at times the MMs take it and you end up with less of a gain than if you had merely taken the say, 15% and exited. I tried selling 1/2 and keeping the other half for more profit, becomes very iffy.
I use the ATR to determine stop losses many times but on fast moving up days many times that becomes irrelevant, so I end up either with a safe stop .01 below the days low or putting in too close a stop many times.
Ie say you own a stock at 1.40 and it shoots to the bracket target of 1.63 (16%)auto exit. Many times that seems to be too modest a target even though resistance indicated it should be the correct amount. *Perhaps since I am targeting just at the low point (south side) of the resistance candles to ensure a sale, Should I move to the northside of the resistance candles, and take risk of sale?
I thought of selling just below resistance, then setting an alert when the total resistance is broken, to buy back in unfortunately though the resistance may get broken at say noon but then dip back south for a negative trade many times
**What is a good method of maximizing the runners? Last year I got a 17% return using my system but it likely would have been 25%+ if I could have been a little better at it.
Any thoughts? TIAVM
T2M
Above post information is strictly my opinion.
