Your $RAY stop at a random five percent loss is just a donation to the market
Stops belong below the level that actually proves your idea wrong
Take $RAY sitting at 2.0766 right now after touching 2.0937 earlier today
Its normal hourly swing is 1.8 percent of the price which is simple noise
If you put your stop closer than that 1.8 percent you get shaken out by normal breathing
The last swing low on $RAY sits way down at 1.8400 which is the real structural floor
Put your stop past the noise and past the structure or do not bother trading
Where do you normally set your stops
#RAY #TradingTips
Stops belong below the level that actually proves your idea wrong
Take $RAY sitting at 2.0766 right now after touching 2.0937 earlier today
Its normal hourly swing is 1.8 percent of the price which is simple noise
If you put your stop closer than that 1.8 percent you get shaken out by normal breathing
The last swing low on $RAY sits way down at 1.8400 which is the real structural floor
Put your stop past the noise and past the structure or do not bother trading
Where do you normally set your stops
#RAY #TradingTips