In the case of CENX, I was stopped out as this market traded against my Stochastic Sell Strategy. As far as getting stopped out of the market is concerned, I see them nothing more than a business expense. By keeping stops under control, I am able to focus on letting the winning trades develop into their true potential.
The trader that doesn't take stops usually isn't a trader for very long.
Below is the original chart I posted with CENX. As the market went against me, I covered the position at $52.75; just above the pivot high.
~Duane Gott
Additional Resources:
Join us at a FREE online seminar for Advanced GET.
Check out the entire feature list for Advanced GET.
