Do you use a stop or no?

someone thinks stop loss as insurance.

it is! most insurance is a waste of money, they insurance nothing! car insurance, can not protect accident!health insurance, can not preserve your health.

what a laugh, because you bought a very expensive car insuarnce policy, then you will not have car accident!

better nuture a good driving habit, self-suvive skills, keep alert, to minimize accident and damage!

most time just a luxury comsuing cost!!!

but to do business, before a business just starts, cut costs is a must.

ifyou want to cut cost first, then

 

I have entered the Twilight Zone.

 

If I ever have reason to leave the NQ, I'll look into it.

 

People hide behind a wall, behind a chair, behind a table, etc. Have you ever heard of hide behind losers? If you like it put a

 

For any trade there's a point where you admit a loss. Doesn't matter in the actual form of stop-loss orders or not, everyone uses stop-losses. Everyone. Even in case of "stop-loss" being zero value of stock or a margin call.

 

No I don't use stops, I just love to wake up in the morning and find an $800.000 loss in my account, because some schmuck from the FED said something bad about the US dollar, while I was sleeping

Jokes aside of course you need stops, otherwise just one big mega loss and you are out, especially if you trade on margin.

And believe me, this sudden mega loss WILL happen, you can count on that!

 

No stops, I usually trade equity options on an intraday basis. What I will do is hedge my position. If the odds are against me, then I will exit the trade.

 

First you discover a system.
Then you use stops.
Cause if you don't, you won't last.
Why?
Because nothing works all the time.
Pretty simple, huh?

 

Exactly! For someone, very confident (oh well, too confident) in their signal it may be a margin call. For others point of where it's time to accept a loss is much closer. Doesn't matter. Still a stop. Difference is realistic or unrealistic expectations about your system.

 

Another very clever way to use stops is via call or put options, that way the trader is protected (and can leave his position open) even if the market is strongly moving against his position, or even worse, when the future contract he is trading is locked limit up or limit down.