Jim Dean Elite   Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA  User Profile | And, of course, there's that ambiguous little word "arbitrary". Very subjective. I believe that well designed stop-logic is just as non-arbitrary as well designed entry logic. Extreme example - I have a "superstop" that has 3500 (efficient) lines of code. Not at all arbitrary! Most non-arbitrary simple but useful stops only require 50-250 lines or so, btw. And I agree 100% with Steve's money-management comments! That's yet another reason why well-designed stops are important. Stops should not only end (or scale out of) a trade when losses mount, but also if profits stagnate when price flattens, and also when statistically extraordinary positive gains have been experienced. [Edited by Jim Dean on 9/2/2017 5:11 AM] | |
