Day Trading Stop Loss! Talking about why you should never use a Stop Loss when Day Trading. (Mental Stop Loss Only) Market Makers are able to see your Stop Loss and move the stock in order to grab your shares cheap or to get you to cover. Theres no doubt that Market Makers play in the idea of running stop losses and even someone with deep pockets could manipulate a stock to do just that. Its almost to easy sometimes to figure out exactly where people have placed their hard stop loss.
If you’re going to be Day Trading only use Mental Stop Loses and keep an eye on your stocks. $ALDX was a perfect example how I missed out on Thousands of profit because I placed a Stop Loss to close to $16 and then paid the price.
Find out more about the Scanner I use Trade Ideas here-
YOUTUBE SUBSCRIBERS USE THE CODE “PATRICKW15” for 15% Discount on all Products!
Come join FREE DayTrading Facebook Group!
Get an amazing offer at SpeedTrader.com Broker by using this link!
Follow me on Instagram
Business Inquires- Info@PlanDayTradeProfit.com
#DayTrading #StockMarket #PennyStocks