Crazy Bulls

[adadadog]

Quote from assclown:

Think stop loss gonna help ya when the big one hits?

Assclown [/QUOTE

A fast moving market can pass through
stop/market order until too late.

 

[Ghost of Cutten]

Quote from makloda:

If you look at the last couple of decades of market history (not just equities), using stops may have underperformed buy and hold on an absolute return basis, but not (!) on a risk adjusted basis. That's a key finding IMO, but that's just me.

Yeah I generally agree with that. I'm just viewing this as a specific market environment in a specific moment in time, trying to analyze it on it's own terms. My view is the S&P at 1115 has less big % upside potential than it did at 700 or 800, so a wide trailing stop isn't as attractive now. A system approach will just trade it like any other market opportunity. There's no real way to reconcile discretionary vs systematic approches, but hey that's what makes a market