Disliked{quote} I find it interesting that as traders we are all taught this lesson. "Take the loss". Everyone says it is part of the game. Everyone that is except the big guys making money. The Banks hedge. Hedge funds also hedge, and they watch their margins. Even Warren Buffet says that you do not lose money until you close the trade. So why are all the teachers at our level encouraging stop losses, and the closing of trades. Some brokers won't even allow opposing trades. The more money you have it seems the less you are encouraged to "let go". I work...Ignored
You work at an hedge fund, so you know that many "big guys" take losses all the time. It is part of trading.
I never pretended to be a teacher or encouraging stop losses or closing of a position.
I shared my humble view, based on my experience, and on what Tradder was specifically sharing, which, for me, has nothing to do with your thoughts above, misinterpretations about my message which was specifically written with Tradder's situation in mind.
Because Tradder asked, I merely expressed my view on his position holding, and hedging it, which makes no sense in the context of his lack of understanding...
Cheers and thank you for your thoughts on the matter, especially when it includes my favourite investor(his biography around 20 years ago got me into trading !)!
If I don't mention SL and/or TP = longer-term setup possibly in the works!