JPM on a Swing Trade Basis

$38.50 would be the stop here on today's swing short signal, however that is a very obvious stop, I'd use something like $38.63. You may also want to keep the stop tight, in that case, maybe yesterday's lows. Sometimes it takes a couple of shots to get the position you want. Amateurs take 1 shot at a trade and walk away, pros will keep their losses small and 3 or 4 shots until they get the position they want.