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Quote of The Day:
"Don`t you run into the problem that a lot of other people may be using the same stop point, and the market may be drawn to that stop level? I never think about that, because the point about a technical barrier—and I`ve studied the technical aspects of the market for a long time—is that the market shouldn`t go there if you are right. I try to avoid a point that floor traders can get at easily. Sometimes I may place my stop at an obvious point, if I believe that it is too far away or too difficult to reach easily."
- Bruce Kovner
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