ever heard of ... using a stop? Enron (and many other examples) went to zero. Name one stock that went to infinity.
My personal experience is that it’s hard to trade both sides of the market. You have to be good at one type of market regime. The anti of that regime will be a challenge.
good ol’ suntrader. feel free to explain to the OP how to setup a short trade with a stop loss. entire hedgefunds have been wiped out “forgetting” to use one.
Using Stops has nothing to do with evaluating the risk. Using Stops is a way to manage the risk. It's easy to understand that the most you can lose going long is your initial invested capital. Now tell me what is the most you can lose if you go short? Don't answer this. And the infinity shit is not a good argument.
Who's crazy enough not to use stops? I mean that's the first thing you learn as a newbie. Why would professional firms not use something as straightforward to manage their risk? The most you can lose is what you put on your stop-loss, no?
Crypto whales. Let's say you bought BTC for a dollar back then. Had you used stop losses, you would have never made it to today's price of 24K.
no catch. you can think of it as bullish with respect to the denominator. in this case bullish on $ vs bitcoin