Sep. 19 at 4:35 PM
$DELL A stop is not a number you pick, it is a number the stock gives you. DELL's average true range is about 33 points, that is what an ordinary session covers with no catalyst and no news.
$INTC is 5.80.
$F is 45 cents. So the same 7 point stop is three completely different trades: on DELL it is a fifth of one normal day and you get stopped by noise instead of by being wrong, on F it is more than fifteen normal days, which is not a stop at all. Most people set stop distance off their account. The account decides your size. The chart decides your distance. What is the ATR on the last name you traded?
