Education Hub - Learn to Trade, page-202

  1. 1,076 Posts.
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    Stope are for suckers. If you have a stop, you don't believe in your decision.

    If you buy into a stock that has a majority newbies (sheep) and they all believe stop losses are good. Then you're also setting yourself up for failer.

    Stop losses create 3 things, a cascading stop-loss ladder, a stop-loss cluster bomb, or both.

    A better way, is to determine if the huge movement has been influenced by rookies (or rookies following "pros" - pumpers 'cough cough) or by pro dters, scalpers, etc.

    Good luck!

 
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