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Saturday, July 30, 2005 6:19:18 PM
since it works for you that's great - but i would argue the total opposite of what you say is true (unless you are only talking penny stocks - if you are talking every stock every situation then my philosophy is different from yours)
if you can park your money and hold a stock for a long long time hoping it will recover then the more power to you
i have limited funds and like to trade so i'll take getting stopped out and look for another opportunity (maybe the same stock 30 minutes later) to put my money to work - i hate having dead money - money that sits waiting for recovery
how do you handle not having stops and having your stocks go down and not bounce back up with a week or month? or are you that good a trader/investor you never have a loss?
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