Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: queenleah who wrote (1593)	10/14/2007 6:03:58 PM
From: Kirk ©	Read 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. I hate to state the obvious, but he should have shorted the QQQQ and covered in October 2002 when it bottomed at $19 and change. I wish we all had 20:20 hindsight. 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. You don't understand gamblers much. One reason casino's do well is many go in with a set amount they EXPECT to lose but no upper limits on how much they want to win. Thus, many get ahead and even win... but the casino gives them perks to come back including free jet travel and casino hostesess, because the odds favor the casino will get their money back... as long as the person doesn't count cards at Blackjack.

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