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-----Original Message-----
From: Scott <sbs3@xxxxxxxx>
To: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>; optionsgmtrading@xxxxxxxxx
<optionsgmtrading@xxxxxxxxx>
Date: Friday, June 25, 1999 7:20 AM
Subject: Re: Nature's Pulse/Stops
>Bob,
>i have to agree with you on placing stops. It is only an attitude, if only
>to check our emotions at the door when we enter a trade. setting a stop
>takes all emotion out of the trade and keeps the "HOPE" out of the trade as
>well. If we entered a trade on a technical decision there should be a sell
>plan as well as a stop plan. I will use the low of the day, or the
previous
>day many times (when going long, opposite when shorting) but depending on
>the movement I may even take a very tight stop of 1/4=attitude only. Good
>luck MG
>Scott
>
>-----Original Message-----
>From: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
>To: M.G.MAJOR <optionsgmtrading@xxxxxxxxx>; REAL TRADERS
><realtraders@xxxxxxxxxxxx>
>Date: Friday, June 25, 1999 7:13 AM
>Subject: Re: Nature's Pulse/Stops
>
>
>>"M.G.MAJOR" wrote:
>>>
>>> Hi Bob,
>>>
>>> I appreciated your very good suggestions about stops placements, what
you
>>> said was very simple and clear, I will probably use your comments as a
>>> starting point to develop a stops system relating to NASDAQ stocks
>trading.
>>> By the way is what you said applicable for stocks or if it's only for
>>> futures (which I don't trade) ?
>>>
>>> M.G.Major
>>> OptionsGMTrading@xxxxxxxxx
>>
>>-------------------------------------------------------------
>>
>>My discussion in regards to the use of stops is more about trading
>>ATTITUDE than it is a specific technique that will or will not work
>>with stocks or futures. I approach trading with full knowledge that it
>>CAN do me harm - not that it is something to be feared, but that it is
>>something for which one needs to prepare.
>>
>>By entering each trade knowing that I have taken the necessary
>>precautions if things don't work out as planned, I allow myself to
>>trade from deeper levels of trust - trust in my own methods and
>>abilities, and that I will do the right thing at the right time.
>>
>>I trade from a firm belief in good trading discipline, not from a hope
>>that things will "work out" or that something is "bound" to happen.
>>
>>Bob Hunt
>>E-Mail: RHunt.066@xxxxxxxxxxxxxxxx
>>Web Site: http://home.att.net/~rhunt.066
>
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