For such a super rich guy like PTJ there is no reason to have even a single losing trade!No; he wasn't referring to a "target stop".
https://books.google.com/books?id=LITaiIb05bAC&pg=PA131&dq=When+I+trade,+I+don’t+just+use+a+price+stop,+I+also+use+a+time+stop&hl=en&sa=X&ved=0ahUKEwidt9TYgMHLAhUU5WMKHTiRCH0Q6AEIHzAA#v=onepage&q=When I trade, I don’t just use a price stop, I also use a time stop&f=false
I think that guy must have done some things basically wrong.
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