Cut losses - The Truth, The Pain, and The Chance! (2)
The truth behind Uncle8888's no stop loss!
Uncle8888 has no-stop loss and he knows what he is doing. But, are you absolutely sure that no stop-loss strategy is actually right for you in the long run? Think about it seriously.
It is critical that you fully understand this!!!
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros
Any capital losses whether it is realised or unrealised losses are capital invested with NEGATIVE GROWTH and over long run you are going to be badly hit by inflationary impact. So it is not a simple matter of holding power or not! You must carefully evaluate you own investing performance and determine whether is no stop loss strategy is still right for you? ......
