Peace with the mullahs? No chance... we love Iranians but the Islamic terrorist mullahs are a non starter. They must go.

I wish a person had a difficult life instead of being foolish and dishonest.

Ww:. You have before mentioned wanting to combat bad advice on these forums. Unless I misunderstood you (and correct me if I did), your binary statement is just that. For beginners, yes, stops can be useful tools to prevent account blowups. Mechanical stops are great for certain traders/trades throughout a career, but, just like any defined risk position, they can be also detrimental/unnecessary.

Removing mechanical stops is ALWAYS a prospect for traders. It is simply is a matter of risk tolerance. I haven't used one in 10+ years trading futures/stocks...and, arguably, there have been some wild markets in those years. Now, it took a 15 years before I could get to that place, and I still get skittish when things move "too quickly", but that skittishness is nearly always a function of being over levered vs "knowing" where I should be placing a stop.

To beginners (and smaller/starter accounts out there: using stops will certainly cause instances of grief when you get stopped out and see an instant reversal in your original direction. However, we tend to remember those "lost opportunities" more than when the stop 'saves' you from losing more money and, thus, allows you to stay liquid. Start small. Start controlled. Grow into size.

Beware of ANYONE (I try my hardest to avoid this) telling you ANYTHING definitive about how/when to trade. Even if they/we have the best intentions, we have been shown time and again that markets love to confound expectations and "beliefs". Plus, none of us knows the other's situation (bankroll, age, risk tolerance, portfolio intentions, etc).

Best of luck to new traders out there!

I totally agree re definitive advice.

My clearer wouldn’t clear my business without the use of stops.

In my 15 years of automated quant trading, I’m yet to hear a non-shit argument for not using stops. Points at which taking a loss is obligatory is the ultimate “I don’t know”. A trader that can only operate under “I-know”, isn’t a trader: They are cannon fodder (whether or not they realise).

There’s alpha and then there’s capital preservation. Returns are geometric vis a vis a capital base.

Sorry old chap… but i’m again sensing bullshit from you.