Disliked{quote} An excellent summary, couldn't have said it better myself. The only place I have ever seen in trading where people use a SL of a fraction of a penny is Forex. It is almost like a religion. Can you imagine going to a broker and buying IBM stock and then asking for 1/8 or 2/8 penny stop loss on a 100,000 dollar trade. Yet people will take a 1000 dollars trade 400:1 leverage trade and put 100,000 into play and put a 20 pip stop loss or 1/5 of a penny. It is so silly and is the reason why people cant make money in this business. They use too...Ignored
Wish I could convince more people that the tortoise method is the way to go. It's not dramatic, doesn't have pyrotechnics, etc., but it's realistic.
Fireworks are fun ... as long as you don't blow your fingers off.