DislikedThis is BS, I had two SL's taken out by a blip on the chart way above any price on this trend down because I had to hit out. Hit by 2 points. Screw that, this is the 9th or 10th time this week this has happened, I will not have a SL on a trade ever again. Either I am watching it, or I am out. Or I am 500 pips in profit, or I am out. Every SL I have ever set is a disaster and wrong. I will not use them period.
Total cost...40 pips. Not worth it. I don't care if I lost 500 pips not watching it, that psychologically I can handle. This is computer...Ignored
Ntrprz,
Stoplosses are tricky businesses. I am currently living without one, but when you decide to live on the wild side, you need to completely rethink your system of money management.
There is a very interesting thread "No SL v SL" that covers this most thoroughly. I wouldn't bother reading past post 150 though.
You said some good things in the after hours fundamentals discussion.