Stop right there.

Posted on Aug 08, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p52855211355&a=205639989

(This letter depends on the reader's having read Technical Analysis of Stock Trends, 9th Edition Chapters 28 and 28.1, and/or StairStops.  Your survival in the market depends on your having read those same books.)

The stop is the essence of risk control.  If you don't have it you are at the mercy of the market and the talking heads (who don't have it).

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