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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (4014)	11/8/2000 6:26:02 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 8925

Stop Losses, and Their Uses: "...IMHO using stop loss orders for stock trading is equivalent to entering a boxing ring with one arm tied behind your back or running the marathon with your ankles tied together..." But then, if you don't use stop losses, you end up dead, so there's no way out of this. People ask me all the time why I use stops. It works for me. "...The MM system in the US markets guarantees that profits will be mostly bled off before they reach your pocket..." This is why you must trade a stock that is very liquid, while it's moving! It's very hard to move against a trend when it's chugging like a locomotive. Besides, people love putting in stops in all the most obvious places. No matter what I try to tell them, they refuse to change the spots, such as selling on break of an old low, or buying on break of a new high, since they're stuck on the idea of "breakouts". It's soooooooooooooo retarded. Teresa