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Stanley Druckenmiller: I’ve never used the stop loss. Not once. It’s the dumbest concept I’ve ever heard. [If a stock goes down 15%] I’m automatically out. B
by ckw 4y ago
Stanley Druckenmiller:
I’ve never used the stop loss. Not once. It’s the dumbest concept I’ve ever heard. [If a stock goes down 15%] I’m automatically out. But I’ve also never hung onto a security if the reason I bought it has changed. That’s when you need to sell.
- riku_iki 4y agoHe is long term investor, and probably invests without strategy but by researching "the reasons". Trading strategies is more for shorter term investors, when circumstances can change very fast while you are visiting bathroom, and induce significant losses, that's why you need stop loss to limit your risks in such cases.