Forbe's: stops are "gimmicks"
Posted: Wed Jan 21, 2009 9:26 am
Interesting article in Forbe's mag. (Feb. 2, '09) that puts down trailing stops.
They mention Chuck LeBeau’s smartstops site and they (Forbe's) are generally negative on trailing stops. (I certainly favor them in trading.)
Here’s a link: http://www.forbes.com/forbes/2009/0202/040.html and the beginning:
“Now that the market has crashed, online outfits are scrambling to sell gimmicks that promise to limit future losses. If only investing were so simple.â€
They mention Chuck LeBeau’s smartstops site and they (Forbe's) are generally negative on trailing stops. (I certainly favor them in trading.)
Here’s a link: http://www.forbes.com/forbes/2009/0202/040.html and the beginning:
“Now that the market has crashed, online outfits are scrambling to sell gimmicks that promise to limit future losses. If only investing were so simple.â€