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You think I'll ever get a straight answer. :)

Taking a small loss solves all those problems. You never did say where you were getting the money to average down.

Which I do with stops. When I'm in cash after taking a small loss I have no risk.

Where do you get the money to average down? Where would you be if you averaged down on a stock like enron?

But I'm not day trading, I'm swing/position trading. And there are times that you have to realize losses when you are stock trading. A company goes bankrupt. (Enron) A company drops in price and gets bought out in an all cash deal. A company gets taken private. Not to mention the company that...

Murray T; What's your take on stop losses? What does Dave say?

How come there is no "F" in HODL Sometime you just have to get the F out of there! :)

I use stop losses on every trade. I don't think of it as gambling. I prefer to think of it as risk control. Take the Vegas situation. It's the customer vs the casino. Both are playing the same game. On any one spin of the wheel, pull of the handle or deal of the hand, you don't know who will...

I don't know what's wrong with me. You probably should stop listening to anything I say as I don't want to lead you astray. I'll stop responding to you, as I don't want to waste anymore of your valuable time.

Haven't you figured it out. I don't have to try. All the money in the world won't buy you good health. And I'm not sure you can buy friendship. I know you can rent it but what fun is that?

Didn't realize I was making a big deal on this. I don't trade ES so anything I say should be taken with a grain of salt. Worse than reading a trading book. IMO :) The ES market is not there to make the customer rich, it's there to make the people who control the market rich. If you get rich...

Do you personally know any? You are the only guy I know off who is coining it consistantly. Being a millionaire is overrated. I certainly wouldn't consider it rich. I can see you having that opinion if you had read one or two books and found that they didn't help you, but to say they are...

Not when 90% or better fail. Damn those human emotions.

Good day SML; Glad to see you turned it around. I gotta assume you did it on your own or did you find someone who was making a lot of money who showed you how. Now I don't trade futures anymore (It's been years) I never did find anyone making a lot of money to show me how. (I'm not sure there...

I think the number 1 reason for retail loss is traders who let small losses turn into big losses.

LOL!! The right question doesn't do you much good when you can't get a straight answer.:banghead:

I'm making an you are talking about selling covered calls. If you do that and the stock gets called away you are then stuck with a loss are you not?

Nice, what has been your maximium drawdown? I have had similar returns with less than 10% drawdown and been in cash for most of the major market drops.(2008 & 2020) I fund my lifestyle with my trading so can't really afford to sit and wait for stocks to recover. I don't want to have to sell...

Stops prevent you from taking large losses. Or from tying up your capital for years as you wait for the price to recover.

I've often wondered if you trade for a living where do you get the capital to average down?