nyk17
Hi,

My understanding is that once the money wave crosses 50, the sell stop should be raised to the entry price.  On Tuesday afternoon, WPX was up a little over 3% from the list price and the money wave was greater than 50.  I raised my stop loss to the entry price and on Wednesday morning I got stopped out of the position.  Today, WPX is back to being up a little over 3% from the list price.  I am just trying to see if I did something wrong.  Is my understanding and execution of the methodology correct? 

Thank you!
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trilander
It is a hard EOD of stop from what I was told.
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nyk17
Thank you - I will keep this in mind going forward.
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AbovetheGreenLine
Yes, that is a gray area... Usually want the Fund to Close above 50, or 80 before moving stop.

Buy you can get burned either way... Try to give it some slack if Mkt is popping, less if weaker.



Good trading, and tell your friends!
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nyk17
Thanks!
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AbovetheGreenLine
Please reply below if you have any questions
Good trading, and tell your friends!
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