{"id":8582,"date":"2010-12-01T11:06:24","date_gmt":"2010-12-01T16:06:24","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8582"},"modified":"2021-05-06T14:57:23","modified_gmt":"2021-05-06T18:57:23","slug":"better-stop-prices","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/better-stop-prices","title":{"rendered":"Better Stop Prices"},"content":{"rendered":"

\n

During a group meeting a New Trader shares,”I set my stop at 75c.”<\/p>\n

I say, “Set it at 74c.”<\/p>\n

Later a New Trader discussing another stock shares, “I set my stop at 35.04.”<\/p>\n

I reply, “Set your stop at 6c.”<\/p>\n

Yesterday in The SMB Blog<\/a> we asked one of our readers to consider a better stop for a trading play. \u00a0 There is no exact manual where to set you stops for every trade. \u00a0Choosing your stops is a skill that you will develop with practice, experience and study. \u00a0But there are some prices that generally are better stops than others.<\/p>\n

What do we mean by better stops? \u00a0Prices that are significantly less probable to get hit, stop you out of a good position and mathematically so worth an extra few potential pennies of loss.<\/p>\n

Better Stops for Longs<\/strong><\/p>\n

99c is better than the whole \u00a0\/ \u00a089c is better than 90c \u00a0\/ \u00a074c is better than 75c \u00a0\/ \u00a049c is better than 50 \u00a0\/ \u00a044c is a better than 45c<\/p>\n

Better Stops for Shorts<\/strong><\/p>\n

1c is better than the whole \u00a0\/ \u00a016c is better than 15c \u00a0\/ \u00a06c is better than 5c \u00a0\/ \u00a026c is a better than 25c \u00a0\/ \u00a051c is a better than 50c<\/p>\n

A caveat for all the above is if there significant volume at the tape at say 4c, a seller not lifting, then the better stop is 5c and not 6c.<\/p>\n

There can be a very fine line between being an\u00a0under-performing\u00a0trader (UPT) and a consistently profitable trader (CPT). \u00a0One reason may be your stops. \u00a0Perhaps the above can help you find better stops for your trading.<\/p>\n

Mike Bellafiore<\/p>\n

Author, One Good Trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

During a group meeting a New Trader shares,”I set my stop at 75c.” I say, “Set it at 74c.” Later a New Trader discussing another stock shares, “I set my stop at 35.04.” I reply, “Set your stop at 6c.” Yesterday in The SMB Blog we asked one of our readers to consider a better stop for a trading play. … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4674,1495,1494,1336,1193,1354,1349],"class_list":["post-8582","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-one-good-trade","tag-smb-capital-trader-training","tag-stop-prices","tag-stops","tag-trader-education","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nBetter Stop Prices | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/better-stop-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Stop Prices | SMB Training\" \/>\n<meta property=\"og:description\" content=\"During a group meeting a New Trader shares,”I set my stop at 75c.” I say, “Set it at 74c.” Later a New Trader discussing another stock shares, “I set my stop at 35.04.” I reply, “Set your stop at 6c.” Yesterday in The SMB Blog we asked one of our readers to consider a better stop for a trading play. ... 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