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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer
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To: Kirk © who wrote (1589)10/14/2007 4:41:53 PM
From: queenleahRead Replies (1) of 2121
 
Kirk said I don't understand this talk of a "stop loss" as related to Brinker's QQQQ advice.

So you disagree with David that Brinker should have advised the use of a stop-loss? Just asking.

To me, it is like saying a gambler should have bet on red rather than black after losing his money on black.

But no, a second wager after losing money on the first, is not the same thing as taking one's loss on the first bet and walking out of the casino.

A stop-loss at the time of purchase is more like saying to oneself "I don't know if this is going to work, but I'm not going to lose my sox if it doesn't". Gamblers don't do that very much, that's what casinos count on. But investors quite often do exactly that, I understand.
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