Thats good article and a perfect lead...
counterprogram bad advice...becomes the investors biggest challenge, stop loss orders can be replaced by Selling a forward Put or option near where you should be wanting to buy, instead of the forced capitulation the dysfunctional stop loss order conveys. There is no available stock to cover the derivative shennanigans...stop loss orders are products sold by the industry to facilitate churn...
The data below provide insight into why the prevailing views of business as usual, is worthless for investors.
The Nasdaq Market Float Since 1997 Mon/Yr..Trade Days..# Compy..TotlVol...AverD Vol
Jul-97. 22..... 6388... 14,659,052,996.. 666,320,591 Mar-98. 21..... 6143... 17,694,084,535.. 842,575,454 Jul-99. 21..... 5400... 21,249,135,986.. 1,001,863,618 Jan-00. 20..... 5233... 33,859,912,232.. 1,692,995,612 Jul-03. 22..... 3671... 38,984,813,325.. 1,772,036,969 Jan-04. 20..... 3560... 46,649,555,963.. 2,332,477,798 Jul-05. 20..... 3441... 33,681,072,462.. 1,684,053,623 Apr-06. 19..... 3384... 40,846,016,058.. 2,149,790,319 Jul-07. 21..... 3348... 46,780,102,818.. 2,227,623,944 Jan-08. 21..... 3299... 56,616,100,438.. 2,696,004,783 Nov-08. 19..... 3199... 42,460,731,579.. 2,234,775,346 Jul-09. 22..... 3024... 48,456,198,558.. 2,202,554,480 Mar-10. 21..... 2982... 53,597,263,077.. 2,552,250,623 |