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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer
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To: Kirk © who wrote (1597)10/14/2007 7:13:09 PM
From: queenleahRead Replies (1) of 2121
 
queen said to Kirk: So you disagree with David that Brinker should have advised the use of a stop-loss? Just asking.

And Kirk replied: 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.

I think we all do, if we're paying attention. But we're not talking about hindsight, that's too easy. I don't believe the market allows hindsight buy and sell decisions. And that doesn't answer the question that was asked, as to whether you disagree with David that Brinker should have advised a stop-loss on the QQQ trade.

And I daresay I don't believe an investor who has little confidence in his/her own ability and therefore intends to accept little or no responsibility for his/her own decisions should be shorting anything, either.
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