The Market Huddle cover image

The Money Is In The Thinking (guest: Morris Sachs)

The Market Huddle

00:00

How Do You Manage a Stop Loss?

I would let a trader have a trade on even if I didn't like it provided one I couldn't prove it wrong mathematically so if a guy had an arbon and he said this works this way if I could prove that he was wrong then it had to come off right. When you blew through the stop all of a sudden you're eating into everyone else's compensation effectively most importantly my compensation so I was keenly aware about that but you know you got to give people some room to navigate  and I found it a lot of places I worked that that wasn't the case there was just too much micromanagement.

Play episode from 44:23
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app