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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: rocklobster who wrote (27657)1/15/2002 1:49:52 PM
From: Louis V. Lambrecht  Read Replies (1) of 52237
 
rok - as Steve sez only use mental stops.
Drawback, you're hooked to the screen.
Second problem, if using mental stops, you are at the mercy of a communication failure. If you don't have access to a phone broker you're coocked. If you are not aware of the communication failure, you also are coocked. (half of my losses in futures have been communication failures).
Third problem, the move could also have been a legitimate one. The stop could have saved your life.

BTW: I wonder if the new PATS system platform had the high stops entered and visible.
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