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14:59
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Originally posted by TheAnalyst007:
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That seems like a dumb strategy. Nobody is saying it's a sure thing, I just wouldn't agree that using a device that by its nature forces a sale at the lows, often simply due to a low liquidity spike that is subsequently quick reversed, is a good risk management system. My risk management is done though constantly looking at news coming out of the industry, talking with people in the space and viewing any other info I can find relating to the company's fundamentals, which I post here for others to view, not stressing over every little share price move. But sure, put up the video of someone recommending stop losses who has made billions in the stock market and has decades of experience, because I'm yet to see anyone other than the 20yr old TikTok gurus recommending such short term strategies and get rich quick schemes.
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Oh and of course brokers and some fund managers may recommend the use of such strategies to retail investors as they make money off of these strategies (not by using it themselves but by taking advantage of those who do). You won't find many professionals using them unless they're using leverage and therefore need to.
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