Posted by tsurplus on 28th of May 2015 at 01:22 pm
basically stops = no free lunch.
you can make the stop loose, but that means bigger stop
losses.
yes, it is very frustrating to get whipped around.
My experience with stops has been that if I keep it too loose,
it ended up being a much bigger loss than I had planned for,
because once it gets loose, there is an urge to "may be give it
more room and it will come back"... well, sometimes it does, many
times it does not.
-- confessions of a wanna-be-trader
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there is no free lunch
I truly hate STOPS. One has to ether made them ...
Posted by tsurplus on 28th of May 2015 at 01:22 pm
basically stops = no free lunch.
you can make the stop loose, but that means bigger stop losses.
yes, it is very frustrating to get whipped around.
My experience with stops has been that if I keep it too loose, it ended up being a much bigger loss than I had planned for, because once it gets loose, there is an urge to "may be give it more room and it will come back"... well, sometimes it does, many times it does not.
-- confessions of a wanna-be-trader