Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Justinfo who wrote (55956)	12/16/2013 3:21:39 PM
From: GROUND ZERO™	Read Replies (1) of 218385

That's the only problem with stops vs. no stops... you can't have the cake and eat it also, but you have to realize that you placed that stop using all the info you had available to you at the time, it's not honest to beat yourself up over it, that stop also protected you from a calamity if the market kept going south into a horrific tail spin... I went long on Friday at 1773.80 and I sweat it out all weekend while reassuring myself this market really is going to rally... and then, when I saw the futures crashing early this morning, i figured I should have put a stop in place... sometimes it's better to be lucky than smart... I don't know of any way to split the difference... I just go with the signals and when I see the likelihood of a signal change I just go with it, I rarely use stops... but, that's just me, it doesn't mean I'm right... maybe someone else has a better idea... GZ

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