I was fearless, no stops, kept wishing for a miracle, rode them all the way to zero. I still have that tendency, that is why I trade options, losses capped, still ride them to the end but now very selective.
There is no zero unless you're trading single stocks. Also, if you're playing with stocks under $5 or whatever averaging down there is risk of a reverse split, which will undo everything you've tried to do by accumulating. Reverse splits are basically just a way to screw retail out of their shares when a stock is bottoming.
Famous Yogi Berra-ism No one goes there anymore, its too crowded. Notfamous wxy No interest buying, the market keeps going higher. lol
Here's some food for thought: a quote from a Japanese retail trader that turned a small acct into $300M. "There is no trade more beautiful than a well placed stop loss." CIS
Using stop losses is not gambling; it's a risk management strategy. It helps protect your capital by setting a limit on potential losses
That’s wisdom! On Thursday I carried over a couple of SMCI calls I paid almost $3000 each on Thursdays, I sold the first few minutes and got +- $10,000 and they fell to $0, no stop to save them. Both the angel and demon inside said “Get the hell out of the way” Stops work! Edited: $3000, not $30