Sir Yamada,

I just wanted to ask as to what should be our guide for stop loss whenever a certain stock breaks out.

For example, when PA broke out and went up to 27, went down to 235 then up again to close at 27. It didn't reach my GTC order to sell at 29.

The following day, it opened at 28 then closed at 22+. I sold at 23 from what I interpreted as a breakdown of the 235 previous day support.

As a technician, what is a guide for stop loss (correct term?) provision?

Thanks in advance.

that depends on the trader. there is no set rules for that. so even setting your stops is subjective.

Advice lang and I see this time and time again. Superb risk management is key to making money in the markets never mind if you're a technican or a fundamentalist #2 lang yun mas importante parin yung strict and emotionless cutting losses. Fact is YOU WILL LOSE MORE THAN WIN MORE TRADES. If you have above 50% batting average magaling ka na since average is around 40% so with that in mind you really can't have losses almost equal to your gains cause you still end up losing. My personal rule is 5 to 1 reward to risk.

Thanks for the advice.

My dilemna is that before reaching the TP based on the charts, the uptrend price stalls and falls. What is a good system to lock in profits or perhaps to avoid losing the profits? Sell on the way up??? I know it is more of a trading style. Just want to learn from the masters' trading style.

iba style ko. tarantrader nga. seriously though, patigasan ng ulo sa style ko. either I sell at the target, or when I hit my stop. it's that simple.

Ok. Now I understand the name. Hehe. So you are selling ELI at 90, no more no less.