> If you trade highly leveraged stuff, you need stop losses; otherwise there is a considerable chance you will go bankrupt. This is false. In the context of hi

> If you trade highly leveraged stuff, you need stop losses; otherwise there is a considerable chance you will go bankrupt. This is false. In the context of high volume trading (which we are discussing here), a naive stop loss will obliterate any profits you might accrue with your strategy. Execution of your stop loss will simply eat through the whole order book and give you the worst possible price for your exit.