Joe Ross – “Stopped Out™” EBook -The Stop Placement that Makes Sense
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The question I am most consistently asked is Where do I put the stop? Therefore, this EBook is about stop placement. Most trading books and articles you read concentrate on entry. This book concentrates on exit. Knowing when to get out of a trade is vastly more important than is getting into a trade.” ~ Joe Ross
If you place your stop a certain number of ticks or pips distant from your entry point, or a certain distance from your entry using a percentage basis, you probably are placing your stop in the wrong place. If you place your stop a certain dollar amount from your entry, below “support,” above “resistance,” or based on a chart pattern, we know you are upside-down in stop placement. Please believe us, there are much better ways! Joe Ross wrote this EBook “Stopped Out” in order to show you four specialized ways for stop placement. Every single one of them is based on reality. Your stops will rarely be where everyone else puts theirs.
One very important thing: the techniques contained in this EBook apply to all markets — stocks, futures, forex, bonds, contracts for difference, spread-betting, and derivatives, regardless of where they are traded, or by which means they are traded. Like everything else we offer, this material is top quality and is profusely illustrated with charts in order to save thousands of words.