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flynhigher
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Everything posted by flynhigher
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Soul Trader, Excellent question! Do you mean 10% when you stated that you set your stop at 10 points? I have never used a percentage to figure a stop. I usually look at support/resistance. Also, I couldnt agree more about not averaging down, though I have made this mistake many times in the past and I am sure to do it again, it is a rule of mine. I set a "puke" point hard stops and use a mental stop as well as Reaver. I wonder if Investopedia has that Puke point hard stop in their glossary!
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For my analysis I use Divergences. I use a hierarchy system when evaluating a stock. However, divergences are certainly not a buy dont buy issue. They simply help me stack the odds more in my favor. I also wonder which divergences people like and which divergences people dont like.