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^^^^^most traders on this thread likely have underperformed a buy and hold strategy lol.

done

long beta bias today; been buying marine shipping co's (up 12% since last week on those) and some others.

Are you seriously trying to flex lol...

No one said not to use stops lol, I just defended the notion of not using stops. :rolleyes: And yes, I did make some monies today (2% gain:D).

If you send me the strategy, I can backtest it lol.

First page :P

I'm assuming your reading comprehension is average, so why would you choose to interpret what I said that way? You made the assertion that trading without a stop loss is absurd, I was pointing out that is, in fact, not so.

what's the strategy? I run the backtest on my bloomberg

My point was that you don't need a stop loss. If a stop loss is your risk management strategy, it is not enough. I don't know what Overnight does to manage risk, but that he does not use a stop loss doesn't make his strategy any less valid.

Lol 57% profit annually. :banghead: Using stats is helpful though, but that guys assumptions are just whack.

Your "trend" is my "regime". If your beta + momentum (aka "long only momentum") on average show max losses of 35% and an annualized std of 25% then you need to analyze the volatility range within trends to determine where you would place your stop. E.g. the price range might fluctuate, on...

Wake up at 5am (west coast hours suck) and hop on broker/research calls (overnight stuff, major things through the day, etc.). Usually I'm skimming over fx/rates/equity futures, and look to see if there are any analyst actions on my positions. ~6am do a review of tasks I need to do through the...

You didn't seem to get that in your previous post. Glad it makes sense now. If you think you have a system that gets you out at x%, and it is based upon having a stop loss order, I can guarantee you that your realized loss will be greater than x%. Additionally, the mechanism of a stop loss...

So you’re trading momentum with a regime-based exit. You should evaluate what drawdowns look like and then model your stop price against that, using a tiered approach. E.g. when position moves down, reduce size. When position moves up, increase size. As long as stock remains a momentum candidate...

What's your average holding period?

Understanding the origin is very important from a research and analysis standpoint.

No offense dude but you don't know enough to know that you don't know what you are talking about. A stop loss guarantees a closed trade, not a price. So pre-trade, you still have an undefined loss. Think about an active equity mutual fund or a hedge fund with a position in a stock. If the fund...

Risk management needs to be consistent. If it can break (overnight gap, random volatility) then you can't rely on it. It may protect you for smaller moves, but will have significant tail risk events. I'm not saying not to use a stop loss, especially if you're trading 10-50k at a time, but there...

I don't. I'm not trading odd lots using charts either. Most professionals will set "soft exits" where a position will be reduced/exited regardless of thesis, but that trade will typically be done through a different order type than a simple stop loss.