Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

BS you have posted. Give proof!

 

I will after OP shows proof that confirms his outrageous statement.

P.S. Hope you're getting paid for it.

 

Yes. misplaced stops are a real boon for the broker

 

Admitting you don't use stops in trading is tantamount to not wanting to admit when you are wrong. Period.

 

2 thumbs up. .....and worth repeating ....

Admitting you don't use stops in trading is tantamount to not wanting to admit when you are wrong. Period.

 

As do the size of the losses.

 

If I had no stop loss on a long position in 2008 I would be ahead by quite bit right now. So, my backtesting shows that stop losses make no sense.

 

Yes

 

Yep. just let the stop happen and move on to next trade

 

Apparently nobody understands that this discussion is useless.

1. There are thousands of different trading systems.
2. Everybody on ET has a different system.
3. Some systems need close stops.
4. Some systems need stops far away.
5. Some systems need no stops.

How on earth can you make 1 general statement that applies for all?
Being able to think in greyscales instead of black and white is a proof of intelligence.

Marketsurfer is a champion in black and white statements.