Quote:
Originally Posted by dpaterso
Hello,
See attached chart of Spot Gold for a few VERY GOOD reasons to use stops!!!
I have to say that since reading Larry Williams' book I am quite happy now to take some small (even consistent small) losses 'on the road to riches' and am therefore FINALLY using stops AND NOT MOVING THEM OR SECOND GUESSING THEM (so none of these moves cost me anything material).
I'm not quite sure what is causing these TOTALLY VIOLENT moves (month end, Options expiry, who knows). Just 'be careful out there'!!!
Regards,
Dale.
(FINALLY: I managed to attach the chart)!!!
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Hey Dale - You still alive and kicking these days? I'm just checking in as I've been doing a lot of studying into different approaches, but figured I'd see how you're doing. Seems this thread has come to a stall as its been a month since the last post which leads me to wonder what type of trading approach are you taking at this point if you're still not trying to solve the riddle of the Wilder systems?
Hope all is well.