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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?

To: AgAuUSA who wrote (10759)	11/3/1998 9:40:00 PM
From: Ace	Respond to of 14328

Greg, My theory regarding stop loss orders is part of proper money management. I feel it is essential for successful trading. There is no "sure thing" when buying stocks. It is one way to limit your risk. Long term traders may not even use a stop loss but just re-evaluate their positions at a pre-defined time period. Another idea is a mental stop loss, MM's cannot see those. Sometimes prices gap through a stop so a stop is not the perfect tool... but it is the best defensive tool we have. No shame in re-entering a trade after being stopped out. I hope, in the case of Triby, you are right and the MM's are sniffing around. I am going to peg current support for Triby at 1.40 and resistance at 1.80 . Next stop 2's ?? Tomorrow will tell......