The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines by Elder Alexander

Author:Elder, Alexander [Elder, Alexander]
Language: eng
Format: epub, mobi
ISBN: 9781118005569
Publisher: John Wiley and Sons
Published: 2013-07-16T03:00:00+00:00

Question 62—A Stop That Is “Tighter by a Day”

Find the correct statement about a stop that is “tighter by a day” (“Nic’s Stop”):1. Examine the bars that bracket a recent low and place your stop a little below the lower of those two bars.

2. Using a tight stop is not suitable for short-term trading.

3. This method is especially useful for long-term position trades.

4. A tight stop like this one eliminates slippage.

Question 63—Trade Duration

The outcome of a trade depends in part on the duration of that trade. Find the incorrect statement about the impact of trade duration:1. Longer-term trades give you the luxury of time to think and make decisions.

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