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Congratulations on your discipline. Just one question without asking for
specifics how has it worked out for the last 15 years. Do you get stopped
out for a loss frequently, often, 50/50, sometimes, seldom, or never.
I've watched as traders have used stops in about every way you can describe.
Time after time they get burned. Sure if you can keep track of all the
potential events that could make the market explode you might be ok. From
what I could tell with all the possibilities for disruption you just don't
trade and that way you don't get in at the wrong time.
Brent
-----Original Message-----
From: Stewart Taylor <staylor@xxxxxxx>
To: T-Bondtrader <t-bondtrader@xxxxxxxxxxxxx>; M.G.MAJOR
<optionsgmtrading@xxxxxxxxx>; Jeffrey Harteam <jharteam@xxxxxxxxxxxxxx>;
REAL TRADERS <realtraders@xxxxxxxxxxxx>
Date: Thursday, June 24, 1999 7:02 AM
Subject: Re: Nature's Pulse
>
>I would probably agree with Bill about where to place stops but I
>completely disagree with holding them out of the market. In my opinion,
>they should be physically in the pit and waiting. Frankly I am proud of the
>fact that it has been 15 years since I took a position without a physical
>stop waiting behind my trade.
>
>
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