Posted by hurricanemalta on 15th of Jul 2010 at 01:04 am
If NO capital you can't make profits to protect...lol!
Stops will save your account from total destruction
often...think of recent BP action to the downside and imagine if
you were in it when it collapsed.Big losses are hard to comeback
from so protect your capital.Matt and Steve say take half
profits etc because they know you can slowly build up an
account and home runs are rare just like on the downside you can
take small losses but single big losses are account
destroying.
Use stops and you will live to fight another day !
Simple..to stop your account getting killed in a big down move.Imagine if crme went to 6 and didn't stop at 8.You would be praising your stops!Capital preservation is NUMBER ONE!!!
Stop loss uslessss
Posted by hurricanemalta on 15th of Jul 2010 at 01:04 am
If NO capital you can't make profits to protect...lol!
Stops will save your account from total destruction often...think of recent BP action to the downside and imagine if you were in it when it collapsed.Big losses are hard to comeback from so protect your capital.Matt and Steve say take half profits etc because they know you can slowly build up an account and home runs are rare just like on the downside you can take small losses but single big losses are account destroying.
Use stops and you will live to fight another day !
REG NMS
Posted by te22 on 15th of Jul 2010 at 08:07 am
REG NMS