Yep, Scale into with the trend, then exit all when the trend turns against you, it's what I've moved to. Trying to control losses = many losses which add up especially as most are needlessly losers! Only took 10years to realise this mind!
Leverage is greater on futures, reason to stick with and leave futures, that increased leverage means your likely trying to trade with to tight an SL then random spikes are just murdering you all the time. Or your counter trend trading, these are really the only 2 reasons people lose.
Give the guy a break, he admitted he was probably just being a sore loser. We all have to get a rant out every now and then, as long as we admit it as such after we cool down no harm, no foul.
Not suggesting anything to the OP, but you can run pretty tight stops if your timing, trade management, instrument selection, and statistical skills are highly developed. Most traders will never get to that level, but it's not necessary to survive the game. Less experienced traders can generate profits with wider stops and learn the SL tightening process along the way
What a dumb thing to say I'm here to help ! AND if you paid attention you'd know I've offered help in 2 other posts to other members
Picture an early setup nested within a lagging setup. Can get some pretty good field position that way. Allows scratching gracefully if it's necessary.
I'm using a 42sma coloured, so i can see its direction no mattee how weak, and only trade with that. Then I use a BB 42 1.3, a move outside will likely continue in that direction, if on wrong side, bail at a sensible place. No SL is key
So no 'pro' trader ever lost money? There are thousands who lost everything-all clever professionals like Bear Sterns