I'm not asking for stats or anything... just share your thoughts about stop losses... why they are important to you.
If you haven't made it yet, what makes you think you will? 212 replies
Using buy stop limit and sell stop limit with break and retest 2 replies
Can anyone using Tradingview explain this to me? 4 replies
Do you believe tight stop-losses cause losses in the long run? 76 replies
Do you believe fixed stop-losses cause losses in the long run? 16 replies
Dislikedisn't it better to diversify to hedge risk and use no leverage ? is it good to start small and exploit massive compound interest ? why closing a position in loss is the best way to make money ?Ignored
Disliked{quote} Not all moves retrace sufficiently to escape a loss. Nursing a losing position to a win through averaging down and hoping for a reversal has huge opportunity cost compared to simply taking a small loss and moving on to the next trade.Ignored
Dislikedwhy closing a position in loss is the best way to make money ? ----- Because of risk management. You need to be consistent. If you're randomly cutting trades - this one lost $200, that one lost $350.. that one lost $1k. After a month of random ups and downs, how much did you lose? If you can't answer that fairly quick then your risk management is out and your chances of seeing consistent profit is much lower. If, however, you (1) know that for each trade, you're putting your stop at the best possible place, ie. If it goes any further then the trade...Ignored
DislikedHedging w/o SL. Here, in 95% of the time, the buys are above the sells... {image} {image} {image} {image} {image}Ignored
DislikedHedging w/o SL. Here, in 95% of the time, the buys are above the sells... {image} {image} {image} {image} {image}Ignored