If you use stop losses then you are essentially gambling

[taowave]

And be as smart as Warren

Totally agree that staying in the game for the long run,holding long term is the way to go for 99.9 percent of the people

True, you didn't read my response to @taowave.

But, as Munger said, in life you only need a few good ideas, one or two good stocks will more than make up for the 100. Key is you have to stay in the game for long term.

 

[TrailerParkTed]

Why? You would have done very well with the magnificent 7, and lot's of others, NVO, LLY.....

How did that work for the late 1999 and April 2000 crack of high fliers?


Seriously post these theories on RedditWSBs and I will buy the popcorn!

 

[tomkat22]

True, you didn't read my response to @taowave.

But, as Munger said, in life you only need a few good ideas, one or two good stocks will more than make up for the 100. Key is you have to stay in the game for long term.

Yeah I guess you either stay in the game long term or die a slow death from a thousand tiny cuts and wash out of the market and never trade again.

 

[wxytrader]

You could build your own mini-index with several stocks. As little as 10 will provide enough diversifications.

Zero loss, zero risk? Life itself is risky.

no no no...no diversification. I have no interest in trying to maintain delta neutral...like get off the fence lol. I prefer be completely exposed directionally. That way when the market goes my way I maximize profits.

So lets summarize my trading style.

No stops
No diversification
No risk management other than averaging down.

(Only indexes/ETF's!)

I would bet at least 98% of traders would disagree with this style of trading, yet I am the one driving a (2008) Lambo, so I guess the 2% thing is true.

 

[klattermusen]

I could have won that by simply placing one swing trade with only averaging down no stop losses.

i guess you never bought amc.

 

[deaddog]

No stops
No diversification
No risk management other than averaging down.

(Only indexes/ETF's!)

You forgot No position at this time.
I can understand that; It's hard to average down when the market keeps going up.

 

[wxytrader]

You forgot No position at this time.
I can understand that; It's hard to average down when the market keeps going up.

Totally. I have no interest buying up here. You'll know and I'm trading. I won't be posting so much LOL bored

 

[unconventional wisdom]

if you set a stop loss - it will be hit. as a man thinketh...

 

[TrailerParkTed]

i guess you never bought amc.

Avoiding stops and averaging down on AMC and BBBY has resulted in life changing finances for the apes.

 

[hilmy83]

no no no...no diversification. I have no interest in trying to maintain delta neutral...like get off the fence lol. I prefer be completely exposed directionally. That way when the market goes my way I maximize profits.

So lets summarize my trading style.

No stops
No diversification
No risk management other than averaging down.

(Only indexes/ETF's!)

I would bet at least 98% of traders would disagree with this style of trading, yet I am the one driving a (2008) Lambo, so I guess the 2% thing is true.

Is the lambo for the premium uber black? Do you help with bringing in the groceries with the premium service?