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Strategies & Market Trends : DAYTRADING Fundamentals
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To: TraderAlan who wrote (5464)11/15/1999 11:43:00 PM
From: cloudless  Read Replies (1) of 18137
 
Alan, thanks for your point I excerpted below. Sure makes sense. I haven't been using stops well and now I see it's because my stops didn't have a reason for being (other than to not risk money). Finding the right trade where a stop I can live with also has a rationale sure makes a lot of sense. Thanks. Cloudless

>>The point of exiting is to leave the trade when you're proven wrong. That also means finding trades where proving yourself wrong is within your risk tolerance.<<
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