If you use stop losses then you are essentially gambling

[wxytrader]

Hello wxytrader,

I dollar cost SP 500 index in my 401K account when I get paid.

What is wrong with adding to losers intraday? I did it and it makes money. I do not want to add to losers for no months and years. I trade intraday daily. You can do it intraday here as well and make some money.

Yeah but what do you do if you average down and at the end of the day you are still losing $?

 

[Quanto]

Hello Quanto,

I can not speak for anyone else, but I am indeed a Gambling/discretionary/guessing/speculating ES futures trader.

And I love every minute of it!!!

Each his/her own After all, we live in a free country, or so...

 

[SimpleMeLike]

Yeah but what do you do if you average down and at the end of the day you are still losing $?

Hello wxytrader,

Then I take my loss.

If I lose a certain amount or my trade not going my way to make me money, I simply exit the trade for a loss. No big deal.

Losses come with the game.

 

[tomkat22]

so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.

Kinda wish you had made that loud and clear in your original post. I got no problem with Mom and Pop retail investors buying the Indexes,SPY,QQQ, whatever on every dip.That's actually pretty smart. March 2020 would be a perfect example. Load up. But I would NEVER advise doing that with an individual stock/company. That's just asking for disaster.

 

[SunTrader]

And that that is investing for long haul. Not TRADING, short term or long.

 

[hilmy83]

Pretty sure you're being facetious but anyway this is not about adding to losers lol especially intraday. The idea is to improve on a position you are prepared to hold possibly months or a year or more...so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.

All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index.

I feel like you would be the guy that invented the lightbulb after Edison 100 years later. Then telling people how great it is!

Averaging in index/etf, as if 99.99999% of 401ks haven't already done it.

My man, you need more real investor/trader friends to bounce off ideas with so you can get feedback.

 

[Overnight]

All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index.

Exactly. He is totally discombobulating daytrading with position trading, which is investing.

The only instrument you can hold forever and not suffer a realized loss is a major stock index, because they go up by design. That is literally inherent in their construction.

I learned that in index futures trading, via every time I used a stop, I turned what was a profitable trade into a losing one, and even worse perhaps, capture a 20-point gain when it could have been a 400 point gain. But live and learn.

 

[SimpleMeLike]

All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index.

I feel like you would be the guy that invented the lightbulb after Edison 100 years later. Then telling people how great it is!

Averaging in index/etf, as if 99.99999% of 401ks haven't already done it.

My man, you need more real investor/trader friends to bounce off ideas with so you can get feedback.

HAHAHAHAHHAHA LMFAO HAHAHAHAHAHHAHAHAAHAHHA


LMFAO HAHAHAHHAHA at "All this time going round and round discussing about stop loss and it turns out he's talking about averaging the damn index." LMFAO HAHAHAHAHAHAHAHAHAHA

 

[SimpleMeLike]

Pretty sure you're being facetious but anyway this is not about adding to losers lol especially intraday. The idea is to improve on a position you are prepared to hold possibly months or a year or more...so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.

Hello wxytrader,

This way will take forever to get rich. You have to trade every day or once a week to get rich man.

Everyone is already buying and buying and holding index funds forever. This is a no brainer, everyone I work with at full time job does this already. This ain't no money right now.

At ET forum we trying to get rich quick, not slow. Fuck that slow money man.

 

[wxytrader]

Hello wxytrader,

This way will take forever to get rich. You have to trade every day or once a week to get rich man.

Everyone is already buying and buying and holding index funds forever. This is a no brainer, everyone I work with at full time job does this already. This ain't no money right now.

At ET forum we trying to get rich quick, not slow.

Where did I say it was like dollar cost averaging? I'm talking substantial average downs at key levels that would make your guys's head f****** spin.