tag:blogger.com,1999:blog-11789233.post113933777899118891..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: Fantasy IslandTim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11789233.post-1139374959617758272006-02-07T21:02:00.000-08:002006-02-07T21:02:00.000-08:00In this instance, the way to do it would be to set...In this instance, the way to do it would be to set your stop price to a level just above the trendline. In other words, set the stop so that it's triggered if the price makes its way to the other side of the trendline (which means that it's blown through resistance). In this instance, you would not have been stopped out (although it would have been painful for a few days!)Tim Knighthttps://www.blogger.com/profile/02142044637710306701noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1139366286998200662006-02-07T18:38:00.000-08:002006-02-07T18:38:00.000-08:00OK. I was short NTRI and then was forced to cover ...OK. I was short NTRI and then was forced to cover when It created the island reversal. How do you handle being forced to cover and then having the stock drop like a rock? <BR/><BR/>Or are you able to stay objective and reposition the stock at a lower level. <BR/><BR/>I just find that a very hard trade mentally to make.<BR/><BR/>Your comments are welcome.Anonymousnoreply@blogger.com