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My rule is to never trade naked. Funny how many nudist traders there are. Ok
for you that don't understand, when you have only a short or long position
you are considered naked (if you always trade naked you are a "nudist
trader"). So my rule is to always use options for trade protection and never
use only stops. Usage of stops is very peasant for the stop runners, they
will get you about 89% of the time in my experience. So learn how to make
lemonade out of your lemons if you want to be a really good trader.
Brent
-----Original Message-----
From: Michael <comdytrd@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, May 06, 1999 10:49 AM
Subject: Re: I refere to earl adamy "june bonds " message
>Bottom line...NEVER trade without a stop ... If you don't know where you
>are going to exit a trade, then you have no risk/reward parameters in mind
>and you have a poor trade and a potential disaster...
>
>Learned this the hard way
>
>Michael
>
>
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