Trading without a stop: courage or foolishness?
Many people in the market say they "trust the price" and trade without a stop.
For me, that's the recipe for disaster.
The market can be irrational longer than your account can handle — especially with leverage.
A stop is not a weakness.
It is discipline, management, and survival.
Of course, there are experienced people who use mental stops or hedges, but that's the exception — and even then, with a method.
And you? Do you use a fixed stop, a mental stop, or do you go by instinct?
Comment below, I want to see what people think.