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In a message dated 4/10/00 9:30:14 PM Pacific Daylight Time, grt@xxxxxxxxxxxx
writes:
<< We don’t use any stops in our trading which means that some bad trades can
be very expensive. Stops will only mess up your system, unless you used
stops when systems testing. We don’t use stops in testing our system and we
don’t use any stops in trading it.
Just my opinion.
Guy >>
Sounds familiar.
"I have never used stops, even to bail myself out. Somehow, having a fixed
rule to exit provides my adversaries too great an advantage. " - Victor
Niederhoffer, from "The Education of a Speculator", page 376
Chuck LeBeau
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