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Re: No set stops
I respect your opinion, always have. But one thing you said disturbs me.
"Suppose trading had been stopped".
Well, "suppose" the moon blew up. Suppose Atlantis rises again from the sea. Suppose a lot of things.
But here is another more likely scenario. Suppose the bombers take a short ferry ride, and bomb Paris? That is just as likely to happen as additional bombing of America. And that was a little in my mind when I decided to keep my short Euro. As long as we are supposing, why is that any less likely?
Another thing. It's odd to me, your perspective on discretion. You have discretion in trade selection, discretion in limits, but that discretion comes to a screeching halt at stops? Everything else can be tinkered with, but stops are not to be touched, ever? Just seems a bit odd to me.
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