Down with Mental Stops

[brownsfan019]

	Quote:	TRex
	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.

[TRex]

Correct, in this instance, I don't use a hard stop, which is consistent with my first post that you addressed.

Aside from this particular situation, I use hard stops. I hope that clears the matter up for you.

[Reaver]

	Quote:	TRex
	Correct, in this instance, I don't use a hard stop, which is consistent with my first post that you addressed. Aside from this particular situation, I use hard stops. I hope that clears the matter up for you.

Yes, very much so. I think we are pretty clear on how you trade.