01-21-2008, 04:14 PM
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Hlm
is debugging software (banging head on desk).
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The reality of not taking stops
Apparently this individual went long 10 ER2 contracts at the close on Friday. For any new traders out there, this is an excellent example of what NOT to do. Yes, to the outsider looking in it appears so obvious that it was a stupid decision. However, without a solid system that includes stops (and discipline to take them) it’s very easy to find yourself in a similar situation.
Blog: http://highprobability.blogspot. com/
Blowup Video: http://www.youtube.com/watch?v=rCtQL5b_rCM
In one of his other videos he gets a sell signal when he is down approximately $7,500. Hindsight is going to haunt this trader for a long time.
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