Recommendation to Eliminate Stop-Losses: The reason is that trades are turning into losing trades
Don't bother with stop-losses
Even if you could steadily increase wealth with stop-losses
the fixed loss from sharp moves is large
it takes months to recover that loss, and during that process you incur further losses
A stop-loss equals recording losses plus losses
this can happen even with trend-following
so it’s really just luck, and it should be set up to be used only with limit orders
and it also takes time to grow, and the actual performance of automated trading doesn’t differ much
so you shouldn’t dream too much
considering profits over a week with stop-losses ends up decreasing, so if you keep depositing funds
money will run out quickly, and it’s a waste
instead, it’s better to become capable of cutting losses with averaging down
that’s because it means you can adapt to future market conditions, which is meaningful
therefore, simple stop-loss trading is not at all worthwhile, so don’t do it
with simple counter-trend trading
the market’s flexibility leads to continued failures
and yet, the profit margin is poor
and as a return it doesn’t even cover, only a tiny amount is realized
and afterward there are losses again
the contrarian logic inevitably
keeps the loss rate higher than the profit rate
so if you’re going to use stop-losses, pursue trend-following without hesitation
and even that trend-following is only intended to target the final trend
otherwise you won’t see growth unless you make it a logic of “all losses”
so can you really trade like that? it’s difficult
that’s the discussion
and the only way to do that is with limit orders
the market forms in a way that prevents that capability
I think you should trade with limit orders and pyramid trades
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