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Re: How safe is a Stop?
For me a Stop is all important I just wouldn't trade any other way . I sit at the minitor for 5-6 hours a day but will still enter a Stop on my 'system' ( I guess that also means I don't have to stare at the screen all day ) .
I'll make judgement calls on the position as it 'runs' and yes I have closed a trade before it hits my stop when I've felt the trade has gone bad . I'll let the majority of my trades hit the stop ( sometimes its beyond my control ) and will take my profits before my Limits ( Profit ) as we all have I'm sure .
In my opinion there is nothing wrong with entering a Stop live and walking away from the PC . If you've adhered to your system and entered the trade accordingly then whether you sit in front of the PC like me or walk away ( or maybe go to bed ) it's all valid .
Great thread by the way
Last edited by vlagas : 18-03-2005 at 17:00.
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