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Old 09-07-2007, 07:56 AM
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Re: Down with Mental Stops

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That's not what I'm saying at all. In the instance you described, there is no hard stop on the DOM. However, there is an order at the next entry price.
OK, so we are back to the discussion of using a hard stop or not. Obviously, by this response, you do not use hard stops. Hard stops mean just that - they are hard and do not change. That's not to say it's wrong, but I was having a hard time understanding how a trader could say 'I use a hard stop' followed up with 'but sometimes that hard stop is moved or not even on the DOM'.

That's not a hard stop.

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