The correct placement of protective stops is a balance between whipsaw and lag. If stops are too clo...
Trader and Author
Murphy Financial Trading
Ian Murphy is a full-time trader offering tools, insights, and education for individual traders. He trades his own account using trend-following, swing-trading, and day-trading strategies. Before entering the markets, Mr. Murphy worked in the insurance claims assessment and metal recycling industries, eventually specializing in precious metals. This brought him into contact with the financial markets and he has been an active trader ever since. Mr. Murphy is the author of Way of the Trader - A Complete Guide to the Art of Financial Trading.