Why trading without stops is gambling

Subscribe to the show

Trading is about expected values.

The determining factor in establishing those values is the placement of your stops – your stops to enter trades, exit losers, and to exit winners.

If you wing any part of these, the expected value of your trading goes out the window.

At that point, you are putting your whole enterprise up for a gamble.

Click here to  get your free copy of The Inner Voice of Trading audiobook.

Please note: I reserve the right to delete comments that are offensive or off-topic.