Actual data supporting no use of stop losses

1. What if the correlation with the index is unreliable? Many names have correlation until news hits and all S&P corr. is lost, that protection does nothing.
Unfortunately, this is "regime-switching," and there is no other option but to manually track the moment when the correlation disappears after a sudden event.
 
Here, wxy, discuss:

paul-tudor-jones.jpg

I remind myself of this classic pic whenever I'm more than two deep, adding to a winner that is getting more attractively priced....
 
"
Actual data supporting no use of stop losses"

It is in my journal.

The problem with that approach is that you need a huge bankroll to suffer the drawdowns.

But yes, it can work.
 
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