daytraders after market lounge 22nd feb 1012, page-13

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