Blah, blah, blah..there you go again talking in circles. You keep bringing up Nokia, how many years have we been waiting on Nokia? 50% of my position was purchased @ an average price of $4.00. I trade the other 50% so let the Nokia news hit, I will still make 500k with a 50% position if the stock hits $54. Stops have saved my butt a few times with this stock. I don't know what your rambling about in regards to taxes??? You have short term gains and long term gains. Losses will not prevent me from buying the stock back even the next day.(if that should be the case) I just won't be able to to offset my gains with those losses. I'd much rather take the stop insurance before I start worrying about nickle and diming my taxes. Look @ all the co's stock prices that have plummetted for one reason or another over the years. Greed is what got you (a trader) into your current mess. Let's say the Nokia settlement is less than what the street was looking for or even worse. What do you think will happen to the price then? I have read a number of books over the years in regard to trading. All of them had the same thing in common in regards to stops..."THEY ARE A FUNDAMENTAL MUST" to be a successful trader.
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