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S IL | What I'm about to admit to is very politically incorrect concerning trading. I haven't used a stop in years. For example my wheat trade I would have been stopped out at a loss but I sold at a profit late last week. And my current soybean trade is very profitable but it would have been stopped out at a loss if I would have followed typical technical philosophy. I do a significant amount of analysis before entering any trade concerning the length of the position and after 27 years of trading I'm still naive enough to think I can play the odds. I'm usually long and short different trades at the same time which can help but not always. | |
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Charts and technical analysis
