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Stop Loss or Profit Stop.
Makes no difference.
Stop orders are ultimately for one purpose.
If the stock/future trades to this level I no longer want the position.
Any technical system that cosistently provides appropriate stop values that
allow me to do two things well is the point of the exercise.
1) Consistently make a profit every year.
2) Sleep well every night.
If where you are placing stops do not help you fulfill those two points, then
look at your system. That is what needs your scrutiny.
I work on the premise that every stop order I place will ultimately be
filled.
If I don't like the results of that calculation, then I modify my behavior
accordingly to keep those two primary considerations in the forefront of my
decisions.
:)
All the best that life can offer.
Terry Quinn
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