TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (28660)	4/5/2002 2:06:05 PM
From: kuntahene	Read Replies (1) of 59879

For the sake of providing an alternative viewpoint... I have been trading for several years (the last 2 years fulltime) and with about 5 exceptions through all those years, I never use stops. I think it all comes down to the trading method and the individual. I prefer close observation of level II combined with technicals and "experienced intuition" (for lack of a better phrase). When a trade doesn't feel right, I'm out. I don't need to sit there and wait and watch it fall further to hit my stop. That is totally frustrating to me and adds to the sense of failure-- by not acting on what I "knew" would happen anyway. I'm sure many of you understand what I'm talking about when I say that you can just feel when a stock is about to make a move. Of course, sometimes you're wrong but trading is all about percentages. Many traders feel that using stops takes the emotions out of the game. Sounds boring to me. Besides, I think good traders learn to master their emotions (at least better than the other guy) and use them to their advantage rather than eliminate them. I've listened to practically every other trader emphasize the importance of using stops over the years, and perhaps they are correct. But I know stops don't fit my style and I know that I've done well enough without them that trading sure beats my old engineering job. That being said, my style seems horribly ineffective at trading larger stocks (too much interference from the big guys??) which is why I tend to stick to stocks that are more easily read... small-cap gizzards! GO GIZZARDS! DOMINATE!! lol... now if I could only master those TA skills that Mark has... Deron

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