Stop Loss and Sell Points

[freedomplanner]

Hi everyone ...

In my opinion SSP is a very good group, and they pick some great stocks (it's almost kind of spooky) ..

Regarding stop losses and trailing stops:
In my experience and the training I've received, percentages do not work ...
Each chart is different.. You need to analyze your chart, determine where the support level is and keep adjusting your sell stop to just below this level .. (you can have a tight trailing stop at the same time) ..

Regarding the sell point:
Look at the chart history of the stock .. Observe how it has acted in the past, especially the resistance point (the point it has consolidated but never gone above) .. Look at how far and fast it traditionally goes up etc . .   Once it's above any resistance it may develop some legs as well ...

This is just my two cents ..  Hope it helps some ...

Scott

http://www.freedomplanner.net

[poopeepants]

Nice observation!  I agree with this stop loss strategy.  If you look at past charts you will see that SSP sells when the trend is broken.  Therefore, I put my stop losses just below the swing lows. 

[klennox]

with these points in mind, where are you setting your stops for TIM?

[poopeepants]

13.25