Actual data supporting no use of stop losses

[Franziskaschulz]

which one would you agree with, the video above or this one?

 

[taowave]

You lost me...Help me out

A stop loss isn’t a risk management strategy, it’s an exit execution strategy where you pay (excessively) for liquidity. To manage risk you need to think about what your strategy is trying to do and then design some rules around that.

 

[mervyn]

this is predicated upon you don't use leverage.

 

[deaddog]

A stop loss isn’t a risk management strategy, it’s an exit execution strategy where you pay (excessively) for liquidity. To manage risk you need to think about what your strategy is trying to do and then design some rules around that.

Just how do you handle positions in your account that move against you? If your thinking was not correct or there is news that changes your thinking, do you take losses? What do you refer to thoses losses as?
Maybe the semantics are confusing. What if we referred to it as a capital protection exit?

 

[taowave]

And or short gamma/ vol in meaningful size

this is predicated upon you don't use leverage.

 

[taowave]

He doesnt take losses and or doubles down..

He's mainly here to troll

Just how do you handle positions in your account that move against you? If your thinking was not correct or there is news that changes your thinking, do you take losses? What do you refer to thoses losses as?
Maybe the semantics are confusing. What if we referred to it as a capital protection exit?

 

[deaddog]

He doesnt take losses and or doubles down..

He's mainly here to troll

I actually thing Longandshort is an investor/portfolio manager who is fairly knowlegable. He just doesn't believe you can make money trading off a chart. It goes against everything he has been taught.

 

[PennySnatch]

These guys are talking about credit spreads, iron condors, flys or long straddles which by their structure have defined risk. I don't think Sosnoff or Batistta would trade stocks or futures without a well placed stop loss. Imagine holding a 10 lot on the ES overnight or even during the day with no backstop or hedge and the market explodes against you. I don't think so.

 

[taowave]

Whooaaahhh,I wasnt talking about Long and Short!!

I am curious to his thoughts on Stops and risk management..Thats where he lost me..

I actually thing Longandshort is an investor/portfolio manager who is fairly knowlegable. He just doesn't believe you can make money trading off a chart. It goes against everything he has been taught.

 

[maxinger]

I told you guys...stop losses don't stop a loss ..they guarantee one.

(Someone else said that here but don't remember to quote them)

Congrats!
You have found your holy grail!
Time for you to buy
yacht, Lamborghini, Mansion .....