Ardy said -- "Correct me if I am wrong Fleetwood but does not buying back at a higher average price negate your strategy of using stop losses. If you also take into account the selling and buying costs ($9.99 a time?) then where is the advantage over a LTBH without setting stop losses?"===============As one who practices BUY&HOLD, I never let selling and buying costs influence my thinking because the purpose of the trade is by far the overriding consideration -- and normally they don't occur very frequently. Furthermore, these costs average less than 0.0025 of each transaction for me. To seriously consider this would be somewhat like fretting about spending the money to have one's oil and filter changed every 3,000 miles compared to the consequences of not doing so. If one is a day trader, selling and buying costs would be a consideration.Concerning a discussion of and the answer to the first part of your question as well as reasons why one may wish to add the bail-out point option to LTBH, rather than repeat it here please refer to my Post #2715 Subject: RE: WILD RIDE. Thank you.FLEETWOOD
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