Replies to post #248640 on Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

Yup, been there, done that. Haven't we all? LOL but not fun at the time.

What I do now is set price alerts above where I have my mental stop, and when my computer starts dinging me, if the stock is dropping like a stone, I just send a sell-at-market order; if it's simply a trade going in the wrong direction, I do a sell order 10-25 cents lower (where my hard stop would originally have been) but don't send it until the very last moment. Maybe not the best method, but it works for me (except when I ignore the dinging because I'm deeply enmeshed in another trade at the moment).

N2B

[Zeev Hed]

I was talking about swing traders, not day traders, the technique with day traders is quite different....I am no virgin taking outsized losses on ONXX, but you get back in the game and get what the MM's took from you, double...