Yes but over time the math tells me that is a losing prospect. 100 shares @ $30 Avg down 100 shares @ $25 Avg down 100 shares @ $20 Shares: 300 Avg price: $25 Pnl @ $30 = $1500 Versus stop loss: 100 shares @ $30 Stopped out @ $25 100 shares @ $25 Stopped out @ $20 100 shares @ $20 = -$1000 Shares 100 Avg price: 30 (100 *20=2000 + 1000= 3000/100=30) Pnl @ $30 = 0
Who? He's made so much money in trading that he's going to share his secrets with all of us for free???? Oh wait he's charging money lol.
LOL Funny math LOL What about the times it doesn't recover? What about the times it takes off to new highs and you only have a partial position? Different strokes as they say. I'm not comfortable with drawdowns so I keep them as small as possible. How long are you willing to let the position sit underwater while other opportunities present themselves.
As Noah said what's he going to teach us how to open up a hedge fund and then get privy to all this Insider knowledge? Lol
LOL... You wouldn't be able to convince a 6 yrs old kid with that example. There are more than one ways to make money with trading (not investing!). Good for the ones who can make money without Stop Orders. But saying that one way of trading is stupid is just another way to show to everyone how clueless you are (or show I say closed-minded).
Good Morning NoahA, Agree. Steven Cohen made money by cheating. He an edge that makes money each trade with no losses.