I offer this chart as an example of why stops are important. Here we have STV, which until today was a gorgeous long position. It had a lot going for it – – – a clean pattern, a healthy breakout, and strong volume.
But I set a stop at that horizontal line, and I am no longer in this position. The last thing you want to do is hang on to something when it has had a technical violation like this. The rationale for being an owner no longer exists.
Also, I'm not positive, but it seems like Disqus might be acting up again. If it is, you probably already realized that.
