Not risk if you know what you are doing sir. As always, the devil is in the details. By the way do you trade for a living? If so, welcome to the club.
I agree. I was just thinking out loud, presenting a different look at the problem at hand. Not everything is black and white: If I had no stop loss, max risk was if stock became worthless. My max risk was lower if I averaged down. If the probability of reaching 3100 is 100% or very high, averaged down was better too. Ultimately I suppose it is expectancy and probability that matters. Regards,
%% I have used a 55 day moving aVerage, like that grain/corn trader in Sucessful Farming[ He's been grain trading since 1974] .i prefer a 50 dma but I like a 55 better than 65, which is too little to late. WSJ likes 65dma may help sell papers/LOL I like those cash etfs like spy or even a spy/spxl combo if i'm not very sure of a good trend[spy /spxl combo loses less than spxl, when i'm wrong]
Good to hear it.... I'll be testing TNA vs SPXL for daytrading long next week...for bear bias my favorites are still TZA SDOW UVXY.... happy hunting!
stop losses are not good for trading, especially day trading. Algo's can shake you out of an otherwise good trading set up.
They are essential for swing trading. And a couple of millionaires who took me under their wings in the Pits would disagree with you about scalping without a stop loss
%% Put in a sell order on a cash related version of spxl; it may get get sold in the next 50 or 55 days/not a prediction. Some broker tend to hit stops + that can help sometimes /LOL................................................................