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Re: Gen: Think like a thief



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I would really like to here how you can apply a protective stop thru
options.  I had never really considered this..  Just assumed the
premiums would eat any profits.  How do you justify the cost??? 

Richard wrote:
> 
> I long ago stopped putting stop orders in. Now I protect myself from
> disaster losses using various options strategies. Not as easy, but no
> getting stopped out at inopportune times.
> 
> >         Us traders that are not in the pit cannot compete with pit traders on
> >their level because the lag with even real time data is enough that you
> >would lose most every time. This does not mean that you can’t win but you
> >have to learn to exploit your advantages as they do. So I submit that you
> >need to ask if I were in there shoes what would I do.
> >
> >Best Regards,
> >Brent