bbgold - I personally don't believe in selling for a loss unless I can get something back, such as a tax write off. There are specific rules for that. I'm not stopping anyone from incorporating a stop loss trigger if that's what they desire. If I were to incorporate stop loss triggers into my system, they would be when the Daily, Weekly or Monthly price dropped below there respective UTL. When the price drops below the UTL level it normally is signalling a downward move. That is why I have established the buy blockers.
To me the trouble with stop loss triggers is they become an addiction, and you can be prematurely exited from a good uptrend. Then trying to find a reentry point, you can lose ground. Also, I believe that most that use stop loss triggers, are all in or all out. What I mean is they don't position themselves at different levels and trade reasonably. They want it ALL!! They want it all NOW. GREED is the word.
Also any long term investor, would say that this would be a time to add cash to there portfolio and wait for a bottom and then add to there investment at lower levels. My system is not meant for the ST investor, it is meant for the long term investor and the goal is ride the Weekly & Monthly Phase 2's and to make a 25 to 35% return per year. There will be good years and bad years, however I believe if you look at the SPX Cycles Performance Summary you will see that 25% to 35% is attainable.
Lastly, this is the hard one to swallow. If you can't feed or house your family, you shouldn't be in the stock market. The stock market is for those that have money to save and invest over the long run or for those that have money to burn.
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