Is utilizing stop-loss orders for the average trader a good or bad idea? Andre Minassian, self-employed medium-term trader and businessman comments that stop-losses is the main reason traders lose their money.
Why are stop losses the main reason for being taken out of the game?
What methods do you employ to minimise losses? How do you determine if a trade has failed other than its performance after entry? I am definitely against using tight stop losses. I do utilise stop losses but my stops are not tight at all.
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