# Day Trading Gaps for Beginners (In-Depth Guide)

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shorting it at 35.50 and the next question  for you is where would be my stop loss   where's my stop loss do you have any number I  mean just okay let me put some lines here   this line is 36.50. I'll put another line okay the high of the day 36.93 approximately okay this reversal over here is 36.17

and I'll add another line I want you to write  down a number if you didn't get my meaning I   want you to write down the number where  would be your stop-loss assuming you're   gonna show it under 35.50 where's your  stop-loss please write down the number FIBO you're looking from  the point of the from the low   to the high of the recent  move so from 35.10 to 36.51 a cent of the high right down the numbers  the cent over the high the high   is 36.93 so if you want to write  down cent over the highs that will be 36.94   so we've got some numbers here  37 Simon said 36 and a   half 36 and a half 36 enough Tim  36 says George it's 36.51 I like the 51.   I'm not saying in the right place I'm just saying  I like the one over the semi-whole number it's   always very useful that's the right point so Mark  if you're writing 36.50 always add another cent

because the semi whole number could help you  36.50 always 36.51 would be your stop 36.93 and uh in YouTube 36.60 36.51 36.90 okay now it has  nothing to do with your risk reward let me start   with that you could base your risk award after  you decide where would be your stop-loss point   in my opinion your stop-loss point  should be 36.17. do we have a winner 36.17