Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: wmwmw who wrote (11841)	2/6/2008 1:22:59 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 12410

No disagreement as to risk. That's why they call it gambling, uh, investing for the long term. A 20 point Stop in a positional trade isn't overly loose. -------- The logic, frail as it may be, was a drop from the SPX high of around 20%, then a ~ 45% recovery & a resulting ~ 5% sell off. Seems like a natural retest process. It's an attempt to catch a knife, I know. A break below the March 1320 area will get me out, the gamble is that the upside will yield greater profit than the 20 points on the downside represents in risk. If correct the pyramid will keep the basis low while multiplying the potential on the upside.