Re: Stops/Michael

["Ron Warshawsky" <rwarsh@xxxxxxxxxxxxx>]

Brent,

    Can you please, if you have this information, describe in better details
who are the stop runners and what methods they are using to get trader's
stops?

Thanks,
  Ron Warshawsky


----- Original Message -----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Thursday, May 06, 1999 12:20 PM
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
>>
>>
>
>