Wednesday, August 22, 2007

Short Term Trade - Stopped Out Even

The short term sell that was put in place seemed to go our way almost at once and actually had I stepped the stop down it actually would have garnered a profit, but I didn't so it broke even.

I cannot really complain about it though as once more a stop loss placement has saved money.

This is exactly why it is imperative to use stop loss orders and especially in short time frame trading. Trading without stops short term is very near suicide!

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