Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

It's not a bad idea, especially if you have trouble taking the loss. It starts going against you and now are only down .10-.15 and should bail but instead sit and watch as you become down .25-.30 and then won't take the loss becacuse it is gotten "too" big. And then you fume over what to do, only to see it go down .50 and now you are "stuck" wishing you could take the .30 loss.

You can get whipsawed 3-4 times before you rack up the loss of one blown trade. And if you find yourself getting whipsawed too much, you need to work better on your entries. Either that our realize you're trading a high beta stock and need to loosen the stop a little or decide maybe the stock isn't for you.

And if you find yourself in a bad run where no matter what you do seems to be wrong, it will certainly keep you from losing your shirt.