mcp down, does mean today lyc up?, page-95

your notion that stop losses limit losses is a fallacy. shows you are just a conventional thinker and convention is not always right.

reason.... you are not getting a stop loss for free. there is a price to pay. a stop loss means you have lost - margin and commission.

here is an intriguing style of reasoning....

a tight stop loss gets hit more often but less price is paid.
a wider stop loss gets hit less often but more price is paid.
so really both tight and wider stop losses give you the same " protection".

next....
lets extend the wide stop loss to an infinitely wide stop loss, and still you get the same "protection". (hey since tight and wide is the same right ? so lets make the wide really really wide.)

an infinitely wide stop loss is really NO STOP LOSS.