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Bob Fulks wrote:
>
> >
> >> > At your closest bookstore, get the recent book by Victor Niederhoffer,
> >> > "the Education of a Speculator"
> >> > ...it's invaluable and in it, he speaks of stops...he doesn't use
> >> > them...and he trades billions every day.
>
> >> > Wayne
>
> According to CNBC today, the "Speculator got educated". They reported that
> Niederhoffer and his clients were wiped out on Monday. So much for no
> stops...
NW: I wouldn't be so quick to blame it on no stops. He was blown out
right near the bottom. Had he been trading with much smaller positions
he would have been able to survive and possibly thrive and that's no
jive.
Unstoppingly,
Norman
>
>
> --
> Bob Fulks
> bfulks@xxxxxxxxxxx
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