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There are cases where stops are run in spite of good placement (had it
happen yesterday on short in crude). Generally, however there is a message
when a well placed stop is run and that message is that the trader was wrong
about the market. The act of placing the stop in the market is a commitment
by the trader that he/she will acknowledge the mistake.
Earl
----- Original Message -----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Thursday, May 06, 1999 11:20 AM
Subject: Re: Stops/Michael
> 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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