Doncematic
Doncematic Jun 17, 16 2:00 AM

@RyanAnthony Seems you're right about that. A stop limit buy order would seem to do exactly what I wanted to do yesterday. I will try that one from now on.

Doncematic
Doncematic Jun 17, 16 2:01 AM

@Legendario That's why I though a Limit When Touched would do the job for me. In my thinking, this limit order would only be executed once the price of the stock touched the HOD again.

Doncematic
Doncematic Jun 17, 16 2:02 AM

@petwyt1218 I understand, but I still think that's what the 'When Touched' clause should have prevented in my order. In my thinking, this order should not have been executed because the stock price did not touch the HOD yet... Can you tell me how a 'When Touched' clause works in an order like this?

Doncematic
Doncematic Jun 17, 16 2:04 AM

@RyanAnthony I think what I should have done is to enter a Stop Limit buy order, with the stop price at the HOD (same as my initial 'when touched' price of 0.67) and the limit price at 0.675. Am I correct? And could you promise me that this will work next time? ;)

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PhdGamer
1
PhdGamer May 13, 16 6:41 PM

@LS3VETTE your possition size should be based your account or risk/reward. You should never trade all your account only about 5-10% in my opinion unless your account is very very small..

PhdGamer
PhdGamer May 13, 16 6:42 PM

ohh and trade small cap companies "rossel 200" type companies

FlexTrader
FlexTrader May 13, 16 6:47 PM

do not risk it unless you are 100% sure!

TerrapinShorts
2
TerrapinShorts May 14, 16 2:40 AM

If you're asking people for there views about position sizing then you shouldn't be trading. You need to ask yourself if you're comfortable with that!

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Amanditulo
1
Amanditulo May 02, 16 8:09 PM

Thanks for the video. I had a similar bad Monday after my best trading day last Friday.

The_Collector
The_Collector May 02, 16 8:15 PM

Hey, thanks for posting this. I am sure plenty of people had a similar psychology in chasing today.

The_Collector
1
The_Collector May 02, 16 8:16 PM

I know, I've done very similar things before... Good to see it explained out. Beneficial for everyone.

Gladiatortrader
Gladiatortrader May 03, 16 11:15 AM

Thank you all for your response, def makes me feel better!

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