algo developer/trader mentor of mine insists that “70% of all intraday trades that get stopped out retrace eventually

An algo developer/trader mentor of mine insists that “70% of all intraday trades that get stopped out retrace eventually. So, stop losses do not really stop losses. Rather they create them.” So for those who trade without (intraday) stops, what other approach do you suggest to avoid catastrophic losses and reduce risk of ruin?   …

algo developer/trader mentor of mine insists that “70% of all intraday trades that get stopped out retrace eventually Read More »