August 28th, 2009

Finding Confidence in the Stop Loss Principle

Written by Jed | 3 Comments

Topics: Launch Pad, Trading Courses, Trading Strategies, Trading Tips

Finding Confidence in the Stop Loss Principle

I spoke with one of our coaching students today.  He has been through the product courses (Launch Pad and Nth Degree) a total of
three times each.  He has been entering trades based on the signals and he told me he is finding great benefits from having the courses
as a guide for him in his trading. He has the confidence and is seeing success in his trades  However, he did mention to me that he has
been using a “take profit” but not using a “stop loss”.  He was not comfortable with that yet.  My question is this.  How could you
feel comfortable with out it?  I never trade with out a stop loss to protect my capital.  This might mean that I will have a streak
of small losers before I get a bearing on the market, it’s direction, and mood.  But once I do I have great success that far out reaches the small losses that I took early on in the trend.

Please, please, please, learn to find confidence in using a stop loss.  This is the first step to having a sound money management program in place.

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Comments

3 Responses to “Finding Confidence in the Stop Loss Principle”

  1. Bryce Black on September 3rd, 2009 6:26 pm

    Are you marketing your Norwood Stop? If so, where can I find more info?

    Thanks
    Bryce

  2. trading system,stock trading system,momentum stocks on September 11th, 2009 9:36 pm

    Confidence is really very important in every aspect of life. So thanks for the post and thanks for discussing that topic for the readers to know the importance of it. Nice.

  3. adihamo on November 19th, 2009 7:35 pm

    What do you think of the IvyBot system . do you advice using it ?

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