Are stops a complete joke ?

[bone]

It took me eight years and eight months to respond to my first JH post, but for obvious reasons (to me, at least) that one struck me as a perversion beyond compare. And I will not respond to his follow-up post on this in order to preserve logic in the universe.

ASSININE.

ACSCININE.

ASININE.

WHATEVER.

Even beyond spell-check. I will now log off the computer and wash my hands.

 

[The Big D]

Quote from bone:

"Learn to vary your stops according to market pace (pace is a volume term).. this will lower your losses and move most of the 90% small wnners to larger winners."

Not only "No", but "Hell No". I have never before waded into a Jack Hershey post, but this one is far too egregious to let go. Completely acinine statement.

Is is more or less "acinine" than you trolling ET looking for another 6K capital injection?

I mean, both are "acinine" but clearly one has to be worse. Unless of course they're exactly equally "acinine", which would be one hell of a coincidence.

 

[deadbroke]

Quote from bone:

It took me eight years and eight months to respond to my first JH post, but for obvious reasons (to me, at least) that one struck me as a perversion beyond compare. And I will not respond to his follow-up post on this in order to preserve logic in the universe.

ASSININE.

ACSCININE.

ASININE.

WHATEVER.

Even beyond spell-check. I will now log off the computer and wash my hands.

Why did it take so long, bone? Did you not understand what he was writing about or was it so abstruse that you couldn't fathom it? Or was it perhaps due to all the controversy surrounding Jack?

Me? I've never understood a word Jack says but just from pure observation, controversy notwithstanding, he is liked by quite a few posters, some actually worship his methodologies, and there is no denying that Jack's an amiable gent.

 

[Soon2Bgreat]

Quote from deadbroke:

Why did it take so long, bone? Did you not understand what he was writing about or was it so abstruse that you couldn't fathom it? Or was it perhaps due to all the controversy surrounding Jack?

Me? I've never understood a word Jack says but just from pure observation, controversy notwithstanding, he is liked by quite a few posters, some actually worship his methodologies, and there is no denying that Jack's an amiable gent.

Jack is an idiot at best. His postings are beyond ridiculous.

 

[dwpeters]

I just put Jack on ignore. Now if only I could only put all the discussions about him on ignore as well.

 

[emg]

stop does not work day trading in ES.

 

[deadbroke]

Quote from The Big D:

Is is more or less "acinine" than you trolling ET looking for another 6K capital injection?

I mean, both are "acinine" but clearly one has to be worse. Unless of course they're exactly equally "acinine", which would be one hell of a coincidence.

Deeper insight ...

The bitcher is bone, the quiet one is Jack. Both are predators at ET. Both hunt the same prey and must by definition share territory as ET is of limited and tangible size.

Jack roams and hunts prey for free. Bone PAYS to be allowed to hunt. For purposes of brevity and sanctity it will not be expounded upon that both hunt cunts and dirtbags.

Bone has a distinct liability in that the colored ribbons tend to give away his position, so he has taken to observing and marking prey from aloft treetops.

Jack dulls the senses of prey by tremendously winded albeit eloquent passages of interminable length. As a result of this uncommon closing technique he nails prey in bulk as opposed to bone who can at best get one at a time and as some of his hunting threads show, has to fight especially hard just for one open and willing neck.

In light of the above observations I've concluded that Jack is a lion and bone a leopard.

The nod goes to Jack in terms of survivability and longevity.

 

[deaddog]

Quote from emg:

stop does not work day trading in ES.

Of course a stop works.
You enter a stop , the market hits it, the stop is executed.
How is it that it doesn't work?

 

[mcgene4xpro]

Quote from zanek:

What the hell ! I know people tend to cluster their stops around s/r and lowest lows, but it seems whenever I set a stop well below these points (~2%), I get stopped out with the price dipping below my stop by a couple of cents and then shooting up. I've been correct almost every time but stops are killing me. I'm doing swing trading mostly now.


Ugh. No bueno :-(

The only to not be stopped out is to not using stop loss . I know 99% traders might kill me for that.

 

[mcgene4xpro]

Quote from logic_man:

Fortunately, there was never a chance I would even consider taking that advice! I've read enough of his posts to know that there's nothing in anything he says which would add any value to my trading.