[novice]

I find it difficult to enter trades using a market order. When the time comes to enter I tend to get very nervous. Also using a market order means having to watch the market for many hours waiting for the right time to enter. This is a problem because of my time zone.

I would like to use a stop order to enter trades. That way there is not so much pressure when entering an order. And also you can place the order in advance and not have to watch the screen all the time.

Does anybody have any methods using a stop order to enter a trade? I am looking at a longer timeframe (i.e. a few months ideally).

Ideas for uptrends (opposite for downtrends)

Place a buy stop order one tick above the latest high. If rally resumes after a dip will be stopped in.

For dips, place a buy stop order one tick above yesterday's high. If rally resumes will be stopped in. If not lower stop to today's high.

For dips, place buy stop order above intraday resistance levels (e.g. fib retrenchments, congestion levels etc).

Thank you