Why Don't We Keep Stops?

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Old Feb 6, 2006, 5:28pm   #1
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Why Don't We Keep Stops?

We've just published a new T2W article called "Why Don't We Keep Stops?" by Vadym Graifer.

Quick Summary: Stops are great things, but only if they are used as part of making good trades.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
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Old Feb 6, 2006, 5:28pm   #2
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In this article, author Vadym Graifer talks about how stops are great things, but only if they are used as part of making good trades.
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Old Feb 7, 2006, 3:05am   #3
 
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Very Good, I wholly approve, and completely sympathise with the sentiment....However....Valid and well meaning as it is, and indeed well written, the message delivered therein is inevitably doomed to fall on deaf ears yet again.

Last edited by SOCRATES; Feb 7, 2006 at 3:08am. Reason: colour added
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Old Feb 7, 2006, 3:09pm   #4
 
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Excellent article. The is first to which I've given a 10.

Last edited by Vorbis; Feb 7, 2006 at 4:13pm. Reason: zpelin
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Old Feb 7, 2006, 10:14pm   #5
 
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Good solid sound advise. Nice one
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Old Feb 7, 2006, 11:45pm   #6
 
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Excellent - I like the analogy with breathing - inhale (take the trade) & exhale (take the exit) - fast day trading of very volatile markets feels just like this.
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Old Feb 8, 2006, 9:05am   #7
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Why Don't We Keep Stops?

Quite likely the simple answer is that "We" hasn't had a big enough loss that really hurt enough so taught the lesson properly.
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Old Feb 9, 2006, 9:52am   #8
 
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I have never met anyone one who doesn't use stop losses. Maybe I need to get out more. What I find very common is tight stops. I know people who try to make money trading GBPUSD with a 30 pip stop!!
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Old Feb 9, 2006, 6:04pm   #9
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Very good article indeed which I would expect from the co-author of "Techniques of Tape Reading" which is an excellent book.
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Old Feb 11, 2006, 2:58pm   #10
 
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Thank you Mr Graifer. Your points are well made and are broadly in agreement with my overarching trading philosophies. As a result, given that you make fairly good sense, I pleasurably gave your article a rating of 10/10.

I look forward to more such confirmatory articles from you, which are in broad agreement with my trading intuitions.

Best wishes,
TraderPattern
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Old Feb 12, 2006, 6:52pm   #11
 
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Quote:
Originally Posted by FXSCALPER2
I have never met anyone one who doesn't use stop losses. Maybe I need to get out more. What I find very common is tight stops. I know people who try to make money trading GBPUSD with a 30 pip stop!!
You obviously do not put enough emphasis on the accuracy of your entry then, i never use a stop exceeding 30 pips on GBP/USD.

Regards

TMM
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Old Feb 12, 2006, 7:26pm   #12
 
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I personally don't know many traders who use stops larger than 30 pips, I normally use less.
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Old Feb 12, 2006, 7:44pm   #13
 
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Cripes, imagine the stop size preferred by FXPOSITIONTRADER2.
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Old Feb 12, 2006, 9:44pm   #14
 
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Quote:
Originally Posted by frugi
Cripes, imagine the stop size preferred by FXPOSITIONTRADER2.
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Old Feb 13, 2006, 11:10am   #15
 
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Stop size is relative to time frame and entry style!

The most important fact (and the whole point of the article) is that you have an exit plan for all outcomes...... and stick to it!
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