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22,581 Posts.
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23/02/12
08:09
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cryptonomicom
stops do shake you out,
you also need to look at resistance points, no point setting a stop at say 100c if the long term support is 90c
but i use them generally with a moving average, a 7 and 14 day for my short term trading, when it crosses and my stop is triggered i am gone
if you dont have some form of exit strategy you get bottom draw stocks . ie i made a mistake and im going to put my head in the sand and hope.
great way to lose more money
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