I happened to stumble upon this video by a so-called "millionaire forex trader" and I found his perspective about "Stop Losses" very interesting. Here is what he says:
"You should never trade WITH a stop loss. People who tell you otherwise want you to lose money so that they can win. Do you think that Goldman Sachs would take a $5 billion position and think ... oh, I should put a tight stop loss on this trade" :)
He goes on with sharing some other 'lies' of the market and his favorite trading strategy. I personally subscribe to his thoughts only partially but consider his video worth watching, at least once!
No comments:
Post a Comment