trade4profitYour comments "I have a feel for it" and "today we...

trade4profit

Your comments "I have a feel for it" and "today we should have learnt that one should never, never set automatic stop-loss orders in speculative stocks" scare me!!

You mentioned you have TOX as one of your largest positions in your portfolio, and its a speculative stock as you mentioned, therefore i think you are exposing your portfolio to significant risk as showed today. OK this may be your trading style and good luck to you, but to have a specualtive portfolio and not practice stop losses is a recipe for disaster!!

The comment "i have a feel for it", now what does that mean!!! Does that mean your feel can predict what the market will do?? That feeling, which may be built up wind, means nothing when the market decides against that "gut feel". The sooner you accept that no feeling, hopes, dreams or wishes will make the market do anything the better your trading will be!!

Also "today we should have learnt that one should never, never set automatic stop-loss orders in speculative stocks" is just stupid!!! Today i learnt, stop losses are the only thing that has let me fight another day!! T4P its all easy for us to talk in hindsight, but if the trade went the other way would your comment hold up!!! the only answer is NO!!

Either way, good luck with your trade and keep your stops tight!!