That's funny I would say the exact opposite, but phrase it this way: If risk isn't defined then you are gambling, IMO gamblers are seeing through greedy glasses.
time to bump this thread remember small traders. placing stop loss is for loser. the minimum capital to trade in the futures market is $500,000. to day trade in the emini sp 500, 1 car per $100,000. More than 90% of small traders lose! They just lose! http://www.bloomberg.com/news/2012-...-seen-profiting-at-small-firm-expense-1-.html
emg let them place the gullible stops. After all, someone has to lose the $$$ we make ;-))) ps. and don't trade options: they are evil. Trend and stops are your friends ... ;-))
Crude Oil May Contract -- Long $94.97 10 Contracts 4/3 Long 94.97 = $947,700 4/12 Close 90.72 = $907,200 Down $40,500 The above is from an ET members' journal. Stops will get you every time.
Everyone that didn't use a stop I knew blew up eventually, and one had a 20 million account ... the only way to survive in the LONG run is by using stops ...