With the game on the rise put a stop order below recent short-term support level, and when you play for a fall - over the recent short-term resistance level. Parabolic moves the stop orders in the direction of the transaction, depending on the elapsed time and price changes. If you are using "Triple Choice" put a stop order, entering into a transaction, the end-point range over the past two days. Avoid any transaction in which the logical placement of a stop order would put risk more than 2% of your trading capital. To broaden your perception, visit Mark Berger. The first days after opening a position - very difficult. Homework is done, the transaction is found, the order given, executed.
And given the order to protect against loss. More while doing nothing: the pilot to seat-belted, machine slowly lifted. Engines roar to the utmost, but the rate is still low, and the pilot is early: so that you sit, relying on their system. Once the prices have changed in your favor, pull up a stop order to break-even level. Take-off is completed - it will be easier. Now choose: to remain in their own or get even. Move the stop order to break-even level of need, after prices erased from your point of entry into the transaction more than the average daily range. Moving the stop order to break-even level, you increase the risk of a premature exit from the market on a false signal. When prices affect the order, many newcomers do not trying to re-enter the market.