Recommendation to Eliminate Stop Losses: The reason is that trades are resulting in losses
Don’t bother with stop-losses
Even if you can steadily grow with a stop-loss
the fixed loss from sudden moves is large
to recover that loss it can take months, and during that time you incur further losses
Stop-loss equals loss plus recognition of loss
This can happen even with trend-following
So it’s really just luck, and it’s designed not to be done except with limit orders
And it also takes a long time to grow, and the actual performance with automated trading doesn’t differ much
So you shouldn’t get your hopes up
If you think about weekly profits with stop-losses, you end up losing money, and if you keep depositing funds,
the money will run out quickly, and it’s a waste
Rather, it’s better to be able to cut losses with averaging up,
which means you can respond to future markets no matter what, so it’s meaningful
Therefore, simple stop-loss trading is completely useless, so it’s better not to do it
With simple counter-trend trading
the market’s adaptability becomes the enemy and you end up with repeated failures
Additionally, the profit margin is poor
you can only realize a limited profit that doesn’t even cover the return
and afterward you incur more losses
Counter-trend logic will always end up
with loss rate greater than profit rate
So if you must stop-loss, go with trend-following without hesitation
And even that trend-following is only about “targeting the final trend”
Otherwise you won’t grow unless you structure it so that “everything is loss”
So can you actually trade like that? It’s difficult, isn’t it
That’s the story
And that’s why it’s only possible with limit orders
The market forms in such a way that you’re not equipped with that kind of power
I think you should try pyramid trading with limit orders
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