Im new to trading and having been doing a lot of reading and have a few questions. Say for instance I don't have time to watch the charts all day and want to take positions on an opportunity I see. If I take positions at $10 a share and wont have time to check the charts constantly, how do know where to set the stop at? can someone explain this because every example I read on stops talked about, if u buy a stock, then it goes up, place a stop to protect your losses.I haven't read anything about placing stops right after you buy positions. Any help or clarity is appreciated.
Question about swing trading and placing stops??
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