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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (4492)3/22/1999 6:45:00 PM
From: Rock_nj  Read Replies (1) of 57584
 
There's some exaggeration in that post. It unlikely that a stop loss at $65 will fill at $40, and the stock will be at $110 at the end of the day. There are some people who simply can't watch the market all day. Stop losses set at reasonable levels can help protect them if a stock tanks. Stop losses have certainly helped me out a number of times, and I usually get filled at or near the stop loss price. It's true, ocassionally a stop loss is taken out on a MM shake, but to me it's worth knowing that my trading capital is protected.
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