VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (33353)	3/15/2001 6:37:20 PM
From: Jill	Read Replies (2) of 65232

Keith, Michael Watkins responded to me today or yesterday (can't recall which) with a chart that showed that if an investor (not trader) had proper protective stops in--at two months earlier price (which I suppose, would be like two ticks earlier on a 5 minute chart for a trader) he would've gotten stopped out at 4400 on the NAZ. Yup. Placing protective stops makes all this moot. You'd lose a bit of money but mostly intact. Any other approach is gambling. Which I do myself. But earlier when you were asking about rambus--you wanted to hold onto those calls and gamble that they might be worth more soon. But protective stops would've had you out of those calls much sooner. Today you unload them and you're asking what to buy next. Is that a good approach? No offense intended. I find the gambling tendencies in myself, too.

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