how bout not put a stop loss at all. Stop losses are sure to get hit. It's better to just watch it at all times, usually when the big suprise happens is in the pre-market whenever the market doesn't honer stop losses. suppose your stock is falling sharply with the market, then all of a sudden then market pulls up off support and your stock goes slightly through it's support sharply. At that point i would be expecting a rebound at any moment even though it fell through it's support. So i believe it's always better to just watch and gauge each situation differently
You guys and your "stop losses" crack me up.
when you put those in... its more like a "guarantee a loss".
I put in buy orders where you put in stop loss orders....
Next time you really want to buy something.... pretend you did.... then estimate your hypothetical stop loss... then put in your buy order at that price...
Then you might make some money.
hey tom, on 8/9/12 the HFT's drove ANR, to 6.15, then they rocketed it to $7.49 @ 10:30 AM, on 8/10/12, for a nice 1 day gain of 18%, and now they're walking it down. this has been a patter in this space the whole year. it's designed to pull in new bagholders, scare them with the drop, then rinse and repeat. the only concern i have, is when the S&P pulls back, what happens to ANR's price pt. right now this is stickly a pro's trading enviroment. NYSE hs had the lowest volumes traded in 17 yrs. unreal. with a thinly traded market you can get serious girations. IMHO, i feel they won't let the coal sector run till after labor day,J-M-O. PS, if we pull back below $6.20 i'll add a small position.