If you use stop losses then you are essentially gambling

Discussion in 'Trading' started by wxytrader, Feb 15, 2024.

  1. taowave

    taowave

    And be as smart as Warren :)

    Totally agree that staying in the game for the long run,holding long term is the way to go for 99.9 percent of the people



     
    #161     Feb 17, 2024
  2. How did that work for the late 1999 and April 2000 crack of high fliers?


    Seriously post these theories on RedditWSBs and I will buy the popcorn!
     
    #162     Feb 17, 2024
    ironchef likes this.
  3. tomkat22

    tomkat22

    Yeah I guess you either stay in the game long term or die a slow death from a thousand tiny cuts and wash out of the market and never trade again.
     
    #163     Feb 17, 2024
  4. no no no...no diversification. I have no interest in trying to maintain delta neutral...like get off the fence lol. I prefer be completely exposed directionally. That way when the market goes my way I maximize profits.

    So lets summarize my trading style.

    No stops
    No diversification
    No risk management other than averaging down.

    (Only indexes/ETF's!)

    I would bet at least 98% of traders would disagree with this style of trading, yet I am the one driving a (2008) Lambo, so I guess the 2% thing is true. :)
     
    Last edited: Feb 17, 2024
    #164     Feb 17, 2024
    SimpleMeLike likes this.
  5. i guess you never bought amc.
     
    #165     Feb 17, 2024
    comagnum likes this.
  6. deaddog

    deaddog

    You forgot No position at this time.
    I can understand that; It's hard to average down when the market keeps going up.
     
    #166     Feb 17, 2024
  7. Totally. I have no interest buying up here. You'll know and I'm trading. I won't be posting so much LOL bored
     
    #167     Feb 17, 2024
  8. if you set a stop loss - it will be hit. as a man thinketh...
     
    #168     Feb 17, 2024

  9. Avoiding stops and averaging down on AMC and BBBY has resulted in life changing finances for the apes.
     
    #169     Feb 17, 2024
  10. hilmy83

    hilmy83

    Is the lambo for the premium uber black? Do you help with bringing in the groceries with the premium service?
     
    #170     Feb 17, 2024