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"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
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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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