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Her comment on stop losses are right on the money. Anyone who trades large amounts of money never enters actual stop losses into the system, they have mental st
by remote_phone 4y ago
Her comment on stop losses are right on the money. Anyone who trades large amounts of money never enters actual stop losses into the system, they have mental stop losses. Stop losses are actively hunted by algorithms and a quick way to make money by blowing through stop losses and then buying back at the bottom.
Having mental stop losses is the real way to trade, as well as the discipline to sell when your mental stop losses are hit. I don’t know if she had the second part, but the first part about not having hard stop losses is correct if you’re a large trader.
- 55555 4y agoYou don’t know if she had the second part? Lol. I think you do know.