I don't like stop losses all that much, and I get enough signals that I don't really need to use them. That said, there are 2 stops built into the system for rare occasions. One actually got hit back in December.
1) If I am long and the system flips from healthy to unhealthy, the long position gets closed.
2) If I am short and the system flips from unhealthy to healthy mode. I cover my short position.
Those are it, otherwise I let the chips fall where they may.
How do you handle the issue of a stop on your position?
ReplyDeleteI don't like stop losses all that much, and I get enough signals that I don't really need to use them. That said, there are 2 stops built into the system for rare occasions. One actually got hit back in December.
ReplyDelete1) If I am long and the system flips from healthy to unhealthy, the long position gets closed.
2) If I am short and the system flips from unhealthy to healthy mode. I cover my short position.
Those are it, otherwise I let the chips fall where they may.