RE: anon310 May 2020 12:54
Just had a look at the Naked Trader's website and assuming the price marked under trades, is the price he pays then there seems quite a disparity in his stops, some shorter some larger than 10%. I've just started trading myself and where to put stops has been proving quite difficult. Obviously you don't want to get stopped out straight away, you want to give the trade a chance to work, but at the same time, you don't want to risk too much of a loss or the risk/reward to become too one sided, ie stop loss loses me £100 but my exit is only £50 profit. From my limited experience two automatic stops I have put with my broker so far, have been smack on turning point where the share has bottomed, then turned back up, past my buy in and gone onto profit, which suggests I'm putting stops in @ obvious points, so now I pick my stop loss, then I'm prepared to go slightly lower before I sell to see what happens. As I say, early days for me.