tag:blogger.com,1999:blog-33878430.post1336031768355237432..comments2024-03-12T02:43:06.173-05:00Comments on The Market Speculator: Trade: MDPThe Market Speculatorhttp://www.blogger.com/profile/15108816250543774083noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-33878430.post-47230911329257512032008-05-06T09:31:00.000-05:002008-05-06T09:31:00.000-05:00Paul,What target price would you set? My naive ey...Paul,<BR/>What target price would you set? My naive eye sees a couple resistance points at $32.30 on 4/30 and $30.50 on 4/24. Do those make sense? What would you choose and why?<BR/>RonAnonymoushttps://www.blogger.com/profile/17173321220999942090noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-71184263520686205622008-05-05T16:16:00.000-05:002008-05-05T16:16:00.000-05:00Yous guys all make good points. If I would have we...Yous guys all make good points. If I would have went with a large position size, I would place my stop above the recent pullback pivot. Since I went with just a little more than half my normal position size, I'll give it a little more wiggle room. <BR/><BR/>In fact, if we continue to see a low volume pullback to the breakout bar, I may even add more shares.The Market Speculatorhttps://www.blogger.com/profile/15108816250543774083noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-84319881613762810662008-05-05T13:13:00.000-05:002008-05-05T13:13:00.000-05:00This is a tricky one. There isnt a surefire place...This is a tricky one. There isnt a surefire placement for a stop like most trades.<BR/><BR/>I would use a stop around 36.00 which is the top of the trendline (using linear regression channel)above 36.00 would constitute a breakout (according to my other mentor Kirk report)kunal00https://www.blogger.com/profile/06625090456574277876noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-44860079151178911732008-05-05T12:07:00.000-05:002008-05-05T12:07:00.000-05:00Paul,Based on almost no experience and the fact th...Paul,<BR/>Based on almost no experience and the fact that $2/share is all I would risk losing on this trade - I placed the stop at $36.00. What target did you choose?<BR/>RonAnonymoushttps://www.blogger.com/profile/17173321220999942090noreply@blogger.comtag:blogger.com,1999:blog-33878430.post-12174160786150893002008-05-05T12:00:00.000-05:002008-05-05T12:00:00.000-05:00After evaluating some recent bad trades, I'm start...After evaluating some recent bad trades, I'm starting to use 2 stops frequently. The first stop is a relatively tight market order which immediately reduces my risk for a slight loss if the trade is not moving in my favor. The second is a bit looser, because I hate just as much as the next person to see a trade turn the other way right after my stop is hit. This has been happening alot in thisAnonymoushttps://www.blogger.com/profile/01571542133278265111noreply@blogger.com