3SOF

David:

New subscriber here...

On an issue like ASTI, I waited and got in at 8.33. I believe that you are in ~8.90
Where are you putting your initial stop loss on an issue like this? If you had put it at 7% you would have been stopped out.

Do you go with 10% or 15%?? How much "wiggle" room do you allow on your stops?

I would appreciate your feedback.

New here...

I recall a successful trader named Jack Carter from Louisville CO, state that as a whole stocks typically fall 4 X faster than a typical stock rise. Of couurse this means that shorts can have substantial volatility. I don't know what statistics he was citing to back his claim.

I say it is better to stay on the sidelines with mostly cash in a broadly falling market.

The trend is our friend.