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SharePlanner (< 20)

If You're Not Going to Use Stops...

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December 21, 2010 – Comments (1)

If you are not going to use stops, because either 1) you prefer mental stops 2) the MM's will "steal" my shares or 3) you're afraid of it popping back up as soon as you get stopped out, is no excuse to not use stops, in fact, if you don't do it, you better confine yourself to a life defined by Dwight Schrute - pay careful attention to what he is doing AND what he says is the reason for doing what he is doing!

Here is the video and rest of article

1 Comments – Post Your Own

#1) On December 21, 2010 at 4:42 PM, StockMillionare (< 20) wrote:

I agree with using stops, I always use stop losses.  Sure I have had stop out only to see it rise again the same day.  But I have also saved myself from big losses that way, stops are key.  The hardest thing is knowing where to place the stops.

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