The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Alski who wrote (30217)	6/12/1999 2:59:00 AM
From: Doug R	Read Replies (1) of 79242

Alski, I have pleaded with many people on IM to NEVER use hard stops UNLESS they are already at a significant profit. Even then, you've seen what can AND WILL happen if the stops are too tight. There's also the argument that hard stops AFTER significant profit create cash. And when one is a very active trader, cash is a good thing IF you have something like The Project going for you >>hint hint<< I haven't done the totals yet but I've very closely tracked the project stocks. It looks like well over 25% of them moved up significantly (greater than 10% intraweek) while the Dow experienced 4 down days out of 5. Congratulations on CYBX...way to hang in there and take a patient yet ruthless profit. Doug R

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