Quote from piezoe:
THank you, Magna for moderating these Journals. Will have to disagree with you, however, on the point you made regarding the stops used by some traders not being in the spirit of this Journal. But that's OK. No need to agree on everything, as long as we are polite about it.
I get annoyed at personal attacks -- calling someone "stupid" or calling their trading method "bullshit" -- what is the point in that. This is not constructive criticism, and it accomplishes nothing other than to irritate. Ammo and Volente are both fine traders, I often follow their trades in this Journal. I learned things of value from both of them. In fact this, and Volente's Chit Chat Journal, are two of a very few threads on ET worth following. These guys ought to get paid for there contributions to ET!
Oh, and think about this. Considering Volente's trading style, would it make any sense for him to use rigid unmovable stops? Of course, just to please those who are brainwashed by common wisdom, he could choose a stop so far away it could never get hit and just stick with it. But that would be pointless. He has stops, and he has uncle points, but his trading style of averaging in, and the way he chooses to defend when the market moves against him, require that his stops be somewhat flexible. This is a legitimate trading style.
