• iTunes
  • Twitter
  • Facebook
  • Google+
  • Instagram
  • Youtube
  • Email
  • Home
  • Courses
  • eBooks
  • Library
  • The Empowered Trader Club
  • BST LIVE
  • About
Better System Trader

Better System Trader

Better System Trader is the podcast and blog dedicated to systematic traders, providing practical tips from trading experts around the world.

129 – Does it actually make sense to ALWAYS use a stop loss?

http://traffic.libsyn.com/bettersystemtrader/BetterSystemTrader-Episode129-ShouldWeAlwaysUseAStopLoss.mp3
Play in New Window|Download

Have you ever wondered:

  • Why the word “abbreviate” is so long?
  • Why are wise men and wise guys opposites?
  • Why is it called quicksand if it takes you down slowly?
  • Where do forest rangers go to “get away from it all?”
  • Why is it that when we transport something by car it’s called a shipment, but when we transport something by ship it’s called cargo?

I’m sure there are reasons for all of these, but on the surface they don’t seem to make sense.

What about stop losses, do they make sense?

We often hear the trading rule of ‘always use a stop loss’, no matter what, use it everywhere, but…

…Does it actually make sense to ALWAYS use a stop loss?

…Or are there occasions when using a stop loss DOESNT make sense?

…And if so, how do you handle that? How do you manage your risk?

In this week’s trading thought, we’re going to review a chat with Dr Ernie Chan about stop losses, and we discuss these exact points, so let head on over to Ernie and find out if it makes sense to ALWAYS use a stop loss.

    Get the Transcript

    Subscribe to Better System Trader and never miss another episode!

    subscribe-with-itunes-button stitcher soundcloud android

    Please support the podcast by giving an honest Rating/Review for the show on iTunes!

    Episode Released:

    26 October 2017

    • facebook
    • linkedin
    • twitter
    • google+
    • pinterest
    • stumbleupon
    128 - How to find 'phenomenal' t...
    130 - Building Mean Reversion tr...

    Related Posts

    • 060 – Strategy Optimization with Robert Pardo
    • 097 – Optimization Myths with Jack Schwager
    • 032 – Short Selling Techniques – Laurent Bernut
    • 136 – Anticipating market action and “pain points” with John Carter
    • 159 – Maximising the potential of portfolios – Adam Butler

    Next issue (Mar 2021):

    Get the new "The Empowered Trader" monthly newsletter, direct to your door (yes it's printed!)

    Click here for more info

    Want to build robust trading strategies that actually work in live trading?

    Click for more details

    What pro traders are saying about BST

    "What really makes the BST podcast stand out is that Andrew is also an experienced trader and can therefore provide incomparable quality and depth in any interview. Thank you for endless inspiration."

    Tomas Nesnidal systemsontheroad.com

    "The key to better system trading is information.  As a system trader himself, Andrew has unique capability of asking insightful questions that extract the skills of each guest."

    John Ehlers www.mesasoftware.com

    "The Better System Trader podcasts have become an invaluable resource... There's no other podcast around that covers the subject in so much breadth and depth."

    Alan Clement helixtrader.com

    "Knowledgeable and credible guests talk about useful topics in an interesting and engaging discussion. What's not to like?"

    Robert Carver systematicmoney.org

    "If you have been looking for that little extra nugget to transform your trading, you will find it at Better System Trader."

    Laurent Bernut alphasecurecapital.com

    "Professional, to the point and relevant content. Better System Trader should be followed by anyone with an interest in our field."

    Andreas Clenow followingthetrend.com

    "I really enjoy listening to the Better System Trader podcasts. Even though I am in the industry for over 15 years, there is always something new to learn from these. Thank you!"

    Martin Lembak striker.com

    "I get some of my best ideas from listening to other market participants and Better System Trader is a great resource of conversations with trading professionals."

    Michael Cook thetradingmasterclass.com

    "I really enjoy the wide variety of topics and perspectives shared in the podcasts and with the interviews done by someone with real life trading experience"

    Tim Rea thetradingmasterclass.com

    "Andrew has interviewed some great people and I have picked up some useful new insights. His integrity, trading knowledge, light-hearted attitude, curiosity and enthusiasm shine through and enhance each of his podcasts. Given the quality of the information and the price (free!) any serious trader would have to be a fool to not take advantage. Keep it up my friend."

    Bob Pardo pardocapital.com

    "Listening to BST is a requirement for everyone on our team."

    Bert Mouler profluentcapital.com

    "Andrew loves traders and draws the most informative and engaging responses out of them."

    Art Collins artcollinstrading.com

    "BetterSystemTrader is an amazing resource of valuable information, Andrew is always able to ask the right question at the right time to deliver the best content possible, a must listen for anybody interested in trading!"

    Andrea Unger skilledacademy.com

    "Better System Trader is an invaluable resource that I've gleaned tremendous amounts of information from over the years. I wouldn't be the trader I am today without having found this resource. Please keep up the great work."

    David Bergstrom buildalpha.com

    "If I had to listen to one trading podcast only, it would be Better System Trader. I am always learning new things and getting research ideas from Andrew’s guests."

    Cesar Alvarez alvarezquanttrading.com

    "This podcast provides unique information, from real traders, interviewed by an experienced trader."

    Kevin Davey kjtradingsystems.com

    "The right questions to the right people at the right time."

    Nick Radge thechartist.com.au

    Trading stocks, options, futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.

    © 2015 Better System Trader · Disclaimer & Terms · Privacy Policy · Sponsor