RE: RE: old dog I'm also a control freak and used to advise people not to use stop losses. This is because Market Movers with large cash resources and highpowered trading servers can manipulate stocks and trigger your stop losses, as they can see them electronically.
Having been around for awhile and having a few success's I'll now start using trailing stop losses on one's I am winning with. That way you don't sell too early. Once the stock stops rising and drops to your stop loss setting it sells automatically. Your profits are locked in all the time.
Your strategies sound fine for you, but in my experience most people that attempt being daytraders trade themselves into bankruptcy. Especially in 2011 with most everything going down the majority of the time daytraders were challenged. Shorting was where all the money was made in 2011. Anyone can do it buying reverse ETF's or individual stocks that trade over $1. Keep an eye on the silver price. I predict it will return to @ $35 again soon.
Short-term is what I'm calling this trade. I haven't decided whether to sell on the top in the next few days or wait for another rally when the deal receives Venture approval.
GLTA