Quote from: OCG on May 07, 2014, 10:32:03 PM

Quote from: boumalo on May 07, 2014, 07:56:35 PM

Quote from: Bit_Happy on May 07, 2014, 03:23:32 AM

Quote from: socal on May 07, 2014, 02:39:31 AM

While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak

Glad it worked out this time.
Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading.

Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse

Would you still stay connected if you had a trailing stoploss option ??

You have to go AOK from time to time but just relying on stop losses is dangerous, you need to see why/how the market is moving when it does to know if it is best to hold sell or buy