What your advocating is much closer to investing than trading.Call it Swing Trading if you like. I'm with you on NO stops as you don't take on leverage. Where it gets fuzzy is you appear to leave room to average down when wrong.
It's good that you realized that. The market truly is random but this is the trick it is not 100% random. As a trader you need to figure out what part of the market is not random and develop a strategy to exploit that idea. For example, You want to buy breakouts. That's something that happens a lot. Problem is a lot of breakout fails a lot of the time. Then you need to ask yourself why do some breakout work and some doesn't?
I think I'll give tradestation a try because I can't get the stonks implied vol on tradingview. The only thing I could do is use SVIX as a proxy but you said Meehhh ... Thanks for providing a picture
Curtis Faith (a former turtle trader) in the Way of the Turtle provides some statistics and it shows that using an initial stop erode the overall performance of several strategies. The strategies have an exit but not known in advance.
Weathermen and Gamblers are almost the same. Sometimes they can't even predict the current weather xD
One big flaw of my strategies (here) is that they're always in the market. As you said it's not worth being always exposed but only when there is an edge. I think the question should be about the conditionals ? What conditions are there when a BO doesn't fail ? What conditions are there when a BO fail ?
Yeah,Im certainly not saying one must employ stops,but if you do employ leverage one should obviously have very good risk management in place. Shaken out is what happens to traders without a plan in advance.. One may sell the low,but if its was executed according to the game plan,its simply a cost of doing business. And one can always re-enter,assuming they arent too "shaken"