Normal
Thanks TechLooking forward to itSo it looks like we've covered the buy side. TT promted with some discretioanry T/A applied to individual stock charts and an entry into some. It sounds as if the discretionary part is optional, but you have been able to outperform the purely mechanical TT, but you're unsure whether this is because the discretion part is actually better or you've been lucky so far.So onto exiting positions;Q5) I am aware that you use a stop loss. Is this stop loss standard for all trades (in % terms)? Does the stop loss get revised up as the price increases? How does it get revised up (ie instructions to broker)?I have never used stop losses, so i'm assuming that if the broker is instructed on a stop loss the instruction is entered into a system in some sort of automatic way such that it requires no human interaction? From there the stop loss order can be modified/adjusted by the broker?Q6) Does TT signal other sell orders (ie that are not standard stop loss triggers)? If so do you act on those signals? Do you use your own discretion in exiting sometimes?Q7) In the event of a sell trigger from any of the above - is it a total exit of position at all times? Or is there sometimes a partial sale or profit taking where some of the position is still held onto?Cheers,TJ
Thanks Tech
Looking forward to it
So it looks like we've covered the buy side. TT promted with some discretioanry T/A applied to individual stock charts and an entry into some. It sounds as if the discretionary part is optional, but you have been able to outperform the purely mechanical TT, but you're unsure whether this is because the discretion part is actually better or you've been lucky so far.
So onto exiting positions;
Q5) I am aware that you use a stop loss. Is this stop loss standard for all trades (in % terms)? Does the stop loss get revised up as the price increases? How does it get revised up (ie instructions to broker)?
I have never used stop losses, so i'm assuming that if the broker is instructed on a stop loss the instruction is entered into a system in some sort of automatic way such that it requires no human interaction? From there the stop loss order can be modified/adjusted by the broker?
Q6) Does TT signal other sell orders (ie that are not standard stop loss triggers)? If so do you act on those signals? Do you use your own discretion in exiting sometimes?
Q7) In the event of a sell trigger from any of the above - is it a total exit of position at all times? Or is there sometimes a partial sale or profit taking where some of the position is still held onto?
Cheers,
TJ
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