if u never place your stop and know where to add to average up 40cents or 60cents. u would profit now or cut small loss.
The worst thing u can do is add every 10cents. that will blow the account.
In the house, the sr executives will decide and have a list of high risk traders and low risk traders. They will decide who need stop and who doesn't.
U must be in their black list.
Also, those (SMALL TRADERS) that place stop need to because they cannot managed risk. That is a FAILURE TRADER.
FAILURE TRADER!
Trading is all about mind game.
Those (SMALL TRADERS) that trade with stop in the futures/commodity market are doomed to fail. I am 99.99% sure, u will lose indefinitely.
Think about it small traders, what is the main reason for the loss or blowing your account? Your stop orders.
Of course, small traders need to place...
Most prop owners (not all) are not traders. They are salesmen/Saleswomen. Nothing is wrong with that. The CEO of goldmansach, merrill lynch, and the big house are salesmen/saleswomen. Their job is the increase profit.