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Strategies & Market Trends : Position Trading Forum

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To: ibrandybuck who wrote (6627)	11/11/1998 11:17:00 PM
From: Fredman	Read Replies (3) of 7247

I'm not. But the question still remains: if you don't like stop/loss orders, how does one protect themselves. Forget shorting, that's a different area. If i buy a stock and it goes up 50%, say from 10 to 15, wouldn't it make sense to enter a stop/loss at 14 just in case you can't watch it all day long ? If something goes from 15 to 14, it usually don't stop at 14, whereas if you put in a stop/loss at 14.5 or 14 3/4, it PROBABLY will get backed into and hit. Then again, this happens more often than not on the out-of-control NASDAQ or OTC:BB market. I don't notice it SO MUCH on NYSE listed stocks. I am not trying to incite an argument here, i'm just curious how one protects themselves if they cannot be on top of stocks all day long ?

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