Stops are definitely important given the volatile conditions of today’s domestic and international economy. They are an enormously important part of a trader’s arsenal of trading tools and some traders confirm that stops are the most important part of their trading armor.
Learn more about using stops here.
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Except when it comes to the religion known as gold, and gold/silver mining stocks. They are sure things, so no stops are ever needed. What bear market? Uh, mining stocks down 50-90%? Oh well, they will come storming back, they do every time this year. Right?
Exactly, with stops in place, we will not blindly believe our own opinions or others say. Thanks.