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Interesting -- I can intuit this to mean that even with the use of a stop sometimes judgment from experience is used to close out a trade at above where the stop was set, and then the trailing stop cancelled? Been fooling around with charts this week estimating entry and exit points assuming...

Why don't you let him decide what he can or can't do or what's "dangerous"? You just don't get it -- a discussion like this has intrinsic value but putting your own spin on it reduces the benefit to you to zero. Carry on folks -- enjoying the read.

So true.

No doubt -- I spent more than a decade at a firm with a gaggle of in-house EE's. Smart folks, but utterly incapable of making simple decisions because of the above. Also desperately lacking common sense. Those guys would never have made it as traders.

Economic policy set by those who neither buy groceries, nor gasoline. Hey, lying is what the Bush years were all about. You didn't think that policy stopped with the Iraq war, did you?