If you use stop losses then you are essentially gambling

Proof that you are not real.

Bombastic shit, man.

Where is your journal? Oh, you do not have one.

 

Like in @schizo's "What was your a-ha moment" thread, @SimpleMeLike had his "a-ha" moment?

I had my "a-ha" after I re-read the thread "Why Is The Obvious Not So Obvious" in early 2023 when I decided to try day trading again.

 

Agree-----Prudent Risk Management is the only true edge in trading.

 

Watching the kids on Reddit Yolo, it sorta temptation to me but I know the eventual outcome.


He’s one of the best or was.

 

You got out while the trade was losing, by definition you "stop" loss?

 

Hello ironchef,

Forget all that fancy talk.

Did you see @Buy1Sell2 say nearly 1000 times over the last 10 years that risk management is the ONLY edge.

I follow what he says in my trading and know how much loss is too much loss for me too take, then exit the trade for a loss.

Prudent Risk Management is the only true edge in trading.

 

Very wise advice indeed! Prudent risk management allows us to fight another day.

 

Walk like a duck, quack like a duck, it is a duck.

Prudent Risk Management.

 

And sometimes I also buy1 & sell2.