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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (34357)9/21/2001 12:38:25 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70147
 
Hi Stefan,

>>am angry with myself for putting in a hard stop since i
>>had the plan to hold this through a downturn and could've
>>done so due to small position size...

I think it is important to have stop losses in this environment. Cheap stock can get cheaper and preservation of capital is key. If it was a investment it is alright to hold, but letting trade become an investment in this environment could be suicide. Like everyone I am expect a bounce after the triple witching pressure is off, but the market has surprised everyone this week. Keep in mind we will need to re-test whatever low gets set. They is plenty of time to get back in.