tag:blogger.com,1999:blog-6138923447766791876.post5829010544486407940..comments2021-07-01T06:16:04.008-07:00Comments on Apex Trader: This is why Stops Are Important!Johnhttp://www.blogger.com/profile/11614268203285152148noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6138923447766791876.post-8141029702512493682007-03-28T10:49:00.000-07:002007-03-28T10:49:00.000-07:00If I'm in a trade like LWSN yesterday (presumably ...If I'm in a trade like LWSN yesterday (presumably entered the day prior) and there was a powerful move past resistance (in this case above the 7.87-7.90 area) I would initially move my stop to BE and monitor closely. When the stock moved up to R2 yesterday, I would take at least part of my position off (in this case I exited all of it). In this case the stock failed to break the 8.10-8.11 area of prior resistance, and was touching the upper bollinger band on the daily chart, so it was a logical place to exit. I will however watch for a consolidation and re-entry as the daily chart looks very good - just a little extended yesterday. Watch EPS announcement also, it's coming pretty soon if I remember correctly.John Gilnerhttps://www.blogger.com/profile/10763998021498369864noreply@blogger.comtag:blogger.com,1999:blog-6138923447766791876.post-44934551032326573242007-03-28T09:39:00.000-07:002007-03-28T09:39:00.000-07:00What is your stop management for green trades... f...What is your stop management for green trades... for example LWSN that popped a little yesterday but light volume, etc- would you sit your stop at break even and let it go or would you try to scalp it earlier than that?Fantomhttps://www.blogger.com/profile/16975428174212154972noreply@blogger.com