If you use stop losses then you are essentially gambling

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

  1. deaddog

    deaddog

    We tend to do that. You have to ask yourself what was so important about $25 that you missed an opportunity to ride a winner? On the bright side opportunity lost, no money. Well except for the initail stop loss. :)
     
    #201     Feb 18, 2024
    ironchef likes this.
  2. I only clicked for the fun, I knew the comments would be great on this one.
     
    #202     Feb 18, 2024
    ironchef likes this.
  3. ironchef

    ironchef

    I took the ostrich (or deer in the headlight) approach during drawdowns.

    It is an article of faith that the US economy won't go to hell in a handbasket.
     
    #203     Feb 18, 2024
  4. deaddog

    deaddog

    LOL
    I shouldn't talk because I don't live there, but have you seen who's running the country? I don't care which party just that no one seems concerned about spending. Not any better here in the frozen north.
     
    #204     Feb 18, 2024
  5. ironchef

    ironchef

    It is the curse of democracy, in north America or Europe. To be popular and get elected, they have to be able to please the masses, so no pain during my watch and let those that follow clean up the mess. Easiest no pain is to print $ and give out freebies... $$$$.

    But if you are like me, already over the hill, both Canada and the US won't go bankrupt in our life time, we kick the can to the nextgen.
     
    #205     Feb 18, 2024
  6. ironchef

    ironchef

    We like to pontificate and pretend that we are experts.
     
    #206     Feb 18, 2024
    beginner66 likes this.
  7. deaddog

    deaddog

    I'm not older than dirt , but I know the guy who invented it. :)
     
    #207     Feb 18, 2024
    semperfrosty likes this.
  8. Overnight

    Overnight

    Are you saying you do not live in the USA? If you are not a US citizen, you should not be allowed to have a Snoopy avatar! Blah!
     
    #208     Feb 18, 2024
  9. ZBZB

    ZBZB

     
    #209     Feb 19, 2024
    semperfrosty likes this.
  10. Yeah, it's a bit of a theme in every forum ever.
     
    #210     Feb 19, 2024
    semperfrosty likes this.