Time Stops, 2

continued from yesterday...

The thinking upon which Time Stops is based is mentioned in Street Smarts: High Probability Short-Term Trading Strategies

“When in doubt, get out! If the market goes dull and quiet after you enter a trade and makes no pregress in the direction of your entry, do not wait until your stop is hit. Just get out!” (Page 8) The authors continue with a promotion about their book, saying “All the strategies in this book should reward you immediately. If they don’t, it is likely your trade will turn into a losing one.”

In brief, if you bought (or sold short) something and it doesn’t work immediately, get your money back right away. That’s the philosophy behind Time Stops.

...cont'd tomorrow...

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