wait a minute using Stop Limit and Limit (loss) orders from the man who said he doesn't use them? I missed something when the speeding car went around that corner...
"wait a minute using Stop Limit and Limit (loss) orders from the man who said he doesn't use them? I missed something when the speeding car went around that corner..." You probably miss alot of things if you dont adapt to changing markets or revise trading strategies so that they work better for you. So what if Don wants to use a stop loss now ??
its just that he speaks out of both sides of his mouth. rationalizes and acts like trading is simple, to attract "new talent" whereas his brother seems to walk the walk.
It may have been in connection with Don's new "Automation" program, putting in more orders, different levels, etc
6 fills / 8300 shares 5 long / 1 short / +480.00 -.95 / +.55% super hose job in slb... filled my 61.00 stop at 60.75...(low of range)...ran it to 61.25 right after... all exits were manual except slb as i couldn't cancel my stop order in time... stops and oil / oil service stocks don't mix... but all in all an ok week...tgit
1 win, 1 loss, -940. IBM ripped me a new "opening". TGIT, indeed. Hopefully other strategies will step up today to make up the loss.
what's this new approach? I guess, if someone answers, then they'll say it loses the edge by making it public or talking about it.. guess there's no peace, huh?
I didn't know "automation" was a new approach. It sounds like, what was mostly manual is now being automated. To allow for more order entries and more fills, and more $.