From todays SBP. Some sensible advice for everyone
"Ten ways to leave your losses
06 January 2008 By Proinsias O’Mahony
New Year’s resolutions - they’re cliched, but worthwhile. Here are ten of them for traders looking to improve upon their 2007 performance.
1.Use stop loss orders to cut your losses
Why use stops? Because, to quote Dr Alexander Elder: ‘‘We all like to hope that a trade will succeed - and a stop is a piece of reality that prevents traders from hanging on to empty hope.............. ‘‘
[broken link removed]
Murt
"Ten ways to leave your losses
06 January 2008 By Proinsias O’Mahony
New Year’s resolutions - they’re cliched, but worthwhile. Here are ten of them for traders looking to improve upon their 2007 performance.
1.Use stop loss orders to cut your losses
Why use stops? Because, to quote Dr Alexander Elder: ‘‘We all like to hope that a trade will succeed - and a stop is a piece of reality that prevents traders from hanging on to empty hope.............. ‘‘
[broken link removed]
Murt