David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
David,
I bought bby at 22.29 today on the spike up but for some reason I set my stop at the day’s low and i got stopped out. I did that because I did not like the price action. It dipped below yesterday’s low and scared the crap out of me. Do you always stick to your stops or will there be times when you would sell it because of market condition like a market correction happening?
BTW, are you able to alert your replies to our posts to our email? I find it hard to try to find where I post my questions. I’m still trying to look for one of the questions I asked. LOL
Thanks
Ryan,
If you are day trading, you use lows of the day as your stop. Swing traders will use the 10sma. I always stick to my stops, and never “think” or have an opinion on what might happen. Only trade price(without emotions)
If you have questions and want to be notified with a response, you can email me at [email protected]
Thanks for the answer. I actual prefer to post the questions here so that i can go through questions from other traders and learn from them as well. I read through all the questions from the posts here and learn something new. I’m sure you are quite busy all day and night trying to answer questions, and post charts for us daily. It’s overwhelming for us but in a great way.
Much appreciated!
Thank you for the positive feedback.