trailing stop losses is another baseless useless strategy.
trailing stop losses to make sure you ride a winner all the way....that is a joke..
totally useless as well.
and boy doesnt it costs an arm and a leg too !
the only way to trade is large capital chasing small money - yes you cannot be greedy - and you need to sit tight onto a position or if you do decide it was wrong, get out, reverse direction. but there comes a point in time where you have to just sit tight and hold on..and that's where the large capital is required...
Orwell suggested that beginners should not listen to me ranting on about the uselessness of stop losses....
on the contrary I tell beginners one thing - stop losses DO NOT HELP YOU ANY WAY - other than getting you to trade less....
so if you want less risk, dont even enter the first trade...
or if you decide to trade, make a decision and stick with it. if you feel that decision is wrong, reverse direction and stick with it.
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