Just how do you handle positions in your account that move against you? If your thinking was not correct or there is news that changes your thinking, do you take losses? What do you refer to thoses losses as? Maybe the semantics are confusing. What if we referred to it as a capital protection exit?
I actually thing Longandshort is an investor/portfolio manager who is fairly knowlegable. He just doesn't believe you can make money trading off a chart. It goes against everything he has been taught.
These guys are talking about credit spreads, iron condors, flys or long straddles which by their structure have defined risk. I don't think Sosnoff or Batistta would trade stocks or futures without a well placed stop loss. Imagine holding a 10 lot on the ES overnight or even during the day with no backstop or hedge and the market explodes against you. I don't think so.
Whooaaahhh,I wasnt talking about Long and Short!! I am curious to his thoughts on Stops and risk management..Thats where he lost me..