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The below post is not to be construed as a slam against Ben(there are many
others who offer information without explanation)....I am just using his
post as an example.......
I have received a number of private mails re: Ben's post to short the S&P at
1102.?? and using a 1106.?? stop............
About half interpreted it, including myself,......that the order was filled
on the open(it opened above 1102.??) and the trade was stopped out for a
LOSER.........
The other half thought it to be 1102.?? stop AFTER the market traded above
the number thus creating a WINNER..........
Ben's post was
>>>today should be a down day??
>>>
>>>today day traders
>>>ss @1102.4 with stop@xxxxxx
>>>
>>>bl@xxxxxxx with stop@xxxxxxx
The bottom line from all of this????????????????
This does NOTHING to help anyone become a better trader.....there was no
educational information regarding the why??? how??? of the trade.........
There are some who just want someone else to tell them what to do....there
are plenty of people out there who make a nice living from doing just
that.......My opinion is that,
unless these people educate you to their methods....they are of no
benefit......
Be honest with yourself.....Do you really believe that if these "hotline"
people were that good at trading that they would need your money?????????
Tom Stein
comfut@xxxxxxx
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