Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: warren harris who wrote (61347)	3/3/2000 8:14:00 AM
From: Big Dog	Read Replies (2) of 95453

The stops can be mental or actual. As long as they are executued. Different stocks require a different amount of 'wiggle room'. You should set the stop loose enough so that you aren't immediately stopped out on normal gyrations. And you can adjust the stop according to market conditions...right now I would have a bit looser stops as the bias is up. When things become a bit more questionable it may be good to tighten up so as to protect profit. Like Slider says, it ain't profit until it's cash. The main objective for using stops is to take the emotion out of trading, to keep small losses from becoming larger losses and to protect profits. If you can do those three things you will miles ahead of the game. Selling is THE hardest thing to do...if you have a system that 'forces' you to sell...even when you don't really want to...you will probably be better off in the long run. Boom 2000, If you don't have an oil well - get one. big atoffshore.com

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