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Snake,Good pickup above, but the contextual emphasis is actually on the bolded sentence below.It is not unusual to see systems, where the exit is based solely on a stop loss being used (hit).It's interesting that the The Phantom of the Pits identified and questioned the rationale of this approach. He also questioned why so many traders placed an emphasis on being proven wrong, by the market, as part of their trading strategy.My mistake, I should have been clearer in the example used, what happens when you write things quickly.Cheers.
Snake,
Good pickup above, but the contextual emphasis is actually on the bolded sentence below.
It is not unusual to see systems, where the exit is based solely on a stop loss being used (hit).
It's interesting that the The Phantom of the Pits identified and questioned the rationale of this approach. He also questioned why so many traders placed an emphasis on being proven wrong, by the market, as part of their trading strategy.
My mistake, I should have been clearer in the example used, what happens when you write things quickly.
Cheers.
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