Funny you mentioned him. He was the one who said don't use SL and I listened. But it is OK, I took everyone's advices, incorporated them into my tool box and came up with what I have, for better or for worse.
Right, but if you don't use a stop, you have to be willing to HODL; otherwise, it's Death Valley! lol
1000% agree... I call them Fat Tail Losses... I Try To Avoid Them Like the Plague... I find they usually happen when RVOL (Relative Volume), of the Symbol you are trading, is greater than > 1.20++ and can be a lot higher showing their is LARGE volume and large number of transactions taking place. Because, The large institutions: Hedgies, Endows, Pensions, Big Boys jump on board and stay on board, going with the trend (adverse to your initial trade) when RVOL is over 1.20+ since Spreads are tight and trade costs are low for them making large trades in/out and for any slippage on their trades.
There are inverse ETFs for indexes available. So if you want to short index in long only account, buy the inverse ETF...Just a thought...
I won't annualize it. A few more 2-7-25 will destroy the statistics. Judging from current events, we know they will come.