Determine A Proper Stop Loss When Day Trading
Figuring out the proper stop loss when day trading, whether experienced or novice, is always a tricky subject. One thing is most certain, those traders that consistently do not use stop loss orders face almost a 100% chance of losing a significant amount of money, if not all of it. Even the prudent use of stops, if they are placed in the wrong area, will result in consistent losses no matter how good the stock idea is. In addition, adding positions before market moving news events occurs can ass