Re: Investing

From: Dossy (dossy@panoptic.com)
Date: Sun Jun 15 2003 - 20:40:04 MDT

  • Next message: Olga Bourlin: "Re: Investing"

    On 2003.06.15, gts <gts_2000@yahoo.com> wrote:
    > Dossy wrote:
    >
    > > On 2003.06.15, Olga Bourlin <fauxever@sprynet.com> wrote:
    > >> Use those stops, people.
    > >
    > > Use them in both directions, if you're not able to constantly monitor
    > > your portfolio.
    >
    > Stops are an absolute waste of money. In the long run they only make money
    > for the brokers.
    >
    > They are valuable to investors only if stock prices trend, but countless
    > studies show that stock prices do not trend. Price trends are an illusion.

    They're valuable to investors who cannot react to changes in stock
    prices in a timely fashion. To those investors, stop orders are the
    best thing next to sliced bread.

    Day traders might not care for them, but I have a day job that doesn't
    involve buying and selling stock and I'm not a day trader. Stop orders
    minimize risk.

    -- Dossy 

    -- 
Dossy Shiobara                       mail: dossy@panoptic.com 
Panoptic Computer Network             web: http://www.panoptic.com/ 
  "He realized the fastest way to change is to laugh at your own
    folly -- then you can let go and quickly move on." (p. 70)

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