If you use stop losses then you are essentially gambling

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

  1. kandlekid

    kandlekid

    I would think that using no stops is more akin to gambling.
     
    #21     Feb 15, 2024
    VPhantom and Frederick Foresight like this.
  2. hilmy83

    hilmy83

    Uber and doordash?
     
    #22     Feb 15, 2024
    beginner66 likes this.
  3. Well first of all I'm not betting the farm on a single stock for all the reasons you mentioned...another problem is the reverse split taking away all the shares you accumulated at the bottom.
     
    #23     Feb 15, 2024
  4. deaddog

    deaddog

    Which I do with stops. When I'm in cash after taking a small loss I have no risk.
     
    #24     Feb 15, 2024
  5. Really you have no risk holding cash? What if the price resumes after stopping you out early and you leave a 10 bagger on the table? You have essentially realized a loss of 10x
     
    #25     Feb 15, 2024
  6. deaddog

    deaddog

    Taking a small loss solves all those problems.

    You never did say where you were getting the money to average down.
     
    #26     Feb 15, 2024
  7. deaddog

    deaddog

    You think I'll ever get a straight answer. :)
     
    #27     Feb 15, 2024
  8. Well you leg in...you don't go balls to the wall unless you are pretty sure the bottom is in.
     
    #28     Feb 15, 2024
  9. %%
    Break even is a joke, as if rent or home, power or auto is free LOL its not.
    LOL actually it does make mores sense to take more risks when young;
    may possibly have more time to make for some super dumb losses + risks.
    May not have time for the dumbest LOL:D:D
    WOULD you catch fallin' star??
    BEFORE it crashes to the ground \
    YOU,DD\ know how people are \LOL:caution::caution:\
    They dont love it when its down\\\\ LOL\
    J Anderson \Catch a Falling Star LOL ?? >2,077 ,777 video views
    RHINO Records:D:D
     
    #29     Feb 15, 2024
  10. Trading without stop-outs is a game for noobs, fools and idiots.
     
    #30     Feb 15, 2024
    taowave, tomi01, Axon and 6 others like this.