Enterprise Products Partners LP (EPD)

[pete807]

Even GTC orders expire in 60 days.

I use use GTC for protection against borrowing, and place the price at what I consider out of reach, or if sold would be such a big win. Knowing the size of the float and the number of institutions in it makes a surprise in this stock VERY unlikely for traders that do it for a living.

IMHO good traders know how to take profit, hence our LIFO discussion on making money between quarterly distributions to increase the yield. Having a plan is very important, no? Whether it is a used car or the casino.

I was told by a large company head of Human Resources; "The worst addiction to cure is gambling"
I use a big brokerage firm but do all my own trades. The Schwab head of my region called me and we had a great discussion. I remember after congratulating me he said "I have a lot of people who don't know how to take profit".
My guess is they don't follow the markets or trade daily. Of course surprise becomes likely.

I agree with OldAIMGuy's signature line:
"Buy from the scared, sell to the greedy".

I respect your opinion but our's works well too. The key is HAVE a plan, and be disciplined.
No checkmate here, just a stalemate.
-pete