If you use stop losses then you are essentially gambling

[kandlekid]

I would think that using no stops is more akin to gambling.

 

[hilmy83]

Where do you get the money to average down?

Uber and doordash?

 

[wxytrader]

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

Well first of all I'm not betting the farm on a single stock for all the reasons you mentioned...another problem is the reverse split taking away all the shares you accumulated at the bottom.

 

[deaddog]

The only thing you control in the market is your risk exposure.

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

 

[wxytrader]

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

Really you have no risk holding cash? What if the price resumes after stopping you out early and you leave a 10 bagger on the table? You have essentially realized a loss of 10x

 

[deaddog]

Well first of all I'm not betting the farm on a single stock for all the reasons you mentioned...another problem is the reverse split taking away all the shares you accumulated at the bottom.

Taking a small loss solves all those problems.

You never did say where you were getting the money to average down.

 

[deaddog]

Oh grasshopper...you are so close to asking the right question again.

You think I'll ever get a straight answer.

 

[wxytrader]

Taking a small loss solves all those problems.

You never did say where you were getting the money to average down.

Well you leg in...you don't go balls to the wall unless you are pretty sure the bottom is in.

 

[murray t turtle]

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 drops in price and stays there. Ties up your capital for years.
You can't tell me what your portfolio will be worth tomorrow or at anytime in the future.
You are letting the market control your investments rather than having control yourself.

%%
Break even is a joke, as if rent or home, power or auto is free LOL its not.
LOL actually it does make mores sense to take more risks when young;
may possibly have more time to make for some super dumb losses + risks.
May not have time for the dumbest LOL
WOULD you catch fallin' star??
BEFORE it crashes to the ground \
YOU,DD\ know how people are \LOL\
They dont love it when its down\\\\ LOL\
J Anderson \Catch a Falling Star LOL ?? >2,077 ,777 video views
RHINO Records

 

[Scataphagos]

Trading without stop-outs is a game for noobs, fools and idiots.