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To: OLDTRADER who wrote (143986)10/7/1999 9:25:00 AM
From: GVTucker  Read Replies (1) | Respond to of 176388
 
wbm, RE: Only amateurs use stops.Market makers love suckers who use them-they just pop down/up and "take-um-out"

There's one thing that I am in 100% agreement with you on. A literal stop is almost always not a good idea, particularly with an OTC stop. It is just too easy for a market maker to take your money.



To: OLDTRADER who wrote (143986)10/7/1999 9:28:00 AM
From: Debra Orlow  Respond to of 176388
 
RE:Tight stops-Only amateurs use stops

Stops have kept me out of what would have become bad trades, as well as kept me in trades that continued on in my favor and extended my profits. The odds are statistically in my favor.

You play it your way, I'll play it mine. Some of the greatest technical traders wouldn't be caught dead without stops.

I wish you well.
Debra


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