Episode Details
Back to EpisodesWhy trading without stops is gambling
Published 5 years, 2 months ago
Description
Trading is about expected values.
The determining factor in establishing those values is the placement of your stops - your stops to enter trades, exit losers, and to exit winners.
If you wing any part of these, the expected value of your trading goes out the window.
At that point, you are putting your whole enterprise up for a gamble.