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Strategies & Market Trends : Position Trading Forum

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To: Fredman who wrote (6733)	11/12/1998 1:23:00 PM
From: Jay Ray	Read Replies (1) of 7247

imo when you are position trading there's a big difference in using a stop to limit losses vs. using one to lock in profits. I generally will not place a stop loss when I purchase a security. Holding for a longer time frame makes price dips tolerable so long as the fundamentals that led me to purchase the stock are still sound. On the other hand, placing a stop loss to protect a profit is a sensible precaution against sudden downturns. Never complain about exiting a position with a profit. BTW - Fred you are right that stop orders react differently on the listed and otc exchanges. There is less of a chance of your stops being taken out on the NYSE because there are no MM's playing games there.

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