You Have To Buy & Sell At The Correct Future Market Prices

MetaStock, Psychology


You Have To Buy & Sell At The Correct Future Market Prices
I decided to give on-stop orders to buy at a certain future market prices with an automatic stop-loss order on them in case the future market prices went down. This way, I figured, I would never sleep with a loss. If any of my stocks went below the future market pricess I thought they should, I would not own them when I went to bed that night. I knew that many times I would be stopped out for the sake of a point just to see the future market prices climb up immediately after. But I realized that this was not so important as stopping the big losses. Besides, I could always buy back the future – by paying higher future market prices.

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posted by Administrator on 10.29.06 @ 4:01 pm | 0 Comments