Stop loss orders are absolutely essential to trading. It's just a simple universal truth that cannot be argued against effectively. The ability to place stops correctly is an art however. Most are unable to do this and therefore say that stop losses are no good. Investing however is a different matter and those using a Kramer Frutes type of strategy will find themselves down in a big way until markets turn in their direction unless they are employing wide diversification and thus losses are small that way.
What needs to be remembered here is that individual you are referring to is not a trader and does not trade (anymore). --Rather, he plays more long term such as investing.
I just mentioned the theoretical possibilities. But I have already seen a system that does not need a stop as there are built in indicators that react so fast that they function as stop. HFT never uses stops I think.... And that's also trading a system.
Thanks for the support, botpro. Mental illness and gonzo jealousy run deep in this business (unfortunately). Rather than attack the idea I presented, backed by 100's of tests, the gonzo hate vibers who clearly have never gained any traction and are very angry, attack me personally. It's very sad surf
They are nothing but digital scum!... ;-) If you think they violate any rules, or are off-topic, then just report it, or file a formal complaint with evidence, privately and/or publicly --> problem will be solved... ;-)
There's something deeply irrational about that poster. It may be smart to just put them on ignore. surf
here is some more unbiased research that supports our findings http://epublications.bond.edu.au/cgi/viewcontent.cgi?article=1086&context=infotech_pubs