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Originally Posted by Nysus
Your safeguard behind selling if it goes 2% below is non-existant in effectiveness unless it is immediate. If you don't know any information about the company, and solely go by a chart, and it goes down 2% it could go down another 20%. And even if it only goes down 2%, you'll likely have to sell it for less than it's current value to sell it. 
Matt |
Yes thats a big flaw in this system. He has to sell the same day and hold no positions overnite with this method.