The successful financial advisor traded on the US markets using...

The successful financial advisor traded on the US markets using CFDs without using stops. He woke up one morning to discover that the US market experienced an overnight correction and he had lost $250k overnight while he slept. At least he didn't lose any sleep staring at the screen all night waiting for the bounce back ... lol.

I have been surprised to hear that some HotCopper CFD traders don't always use stops either. Perhaps it is an ok strategy to avoid unfortunate close outs due to short spikes, but only when the market is post correction, or post big dip, and in a defined bull or bear period, but not nearing a possible correction or post bear rally. However, my practice is to always use both upper and lower stops.