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Wednesday, November 11, 2009

Are stops for suckers?

I am starting to think stops are for suckers because it seems that every stop I put hit ends up hitting by pennies.

I bought SDS for 36.43 at 09:34:10 ET and stopped out for 36.14 (limit stop set at 36.13) at 10:15:15 ET.

I had profit and did not take it. Had a better exit at 9:54 and did not take it because I did not want to panic sell. Does this happen to you?

Here's a great chart from playbigstocks.