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Old 10-09-2003, 23:19   #5
eternalfuture
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Technicalities

Ah, yes, technicalities about trading... I missed that point.

Pan, although it seems to be painful when our stops are hit, the importance of stops can never be underestimated.

It's a tool to impose discipline to traders.
It's a tool to limit the losses.

Maybe, from your perspective, it's a tool for brokerage firms to grab your equity.

But, nevertheless, it's more a savior than a killer.
If your stops hit, perhaps you didn't put them well enough (if you don't feel it that way, I do).

However, these are just my thoughts.

Every trader has his/her own trading principles. Nobody can't impose somebody to place stops anyway, vice versa.

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