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01/12/2008 Archived Entry: "Stop placement in a fast moving market."
Martin wrote:
>
> I have a question on stop placement from your video on stop placement/money management.
> You briefly mention about trailing stops in fast moving market but dont give
> an example. - e.g. when its safe to move stop to breakeven, trailing stop 1 FIB level
> behind price action, trailing stop at the low of the previous time bar, etc.
> Can you comment on this?
>
> Many thanks,
> Martin. Martin, The answer is that this is subjective. If you want to lock in profits in a fast market, for partial of full exit, you can have a trailing stop. If you are patient and still within your trading plan, you can retain your normal stops, risk giving some profit back to the market, though have the possibility of a continued run. -Neal.
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