STOP LOSS- I dont use it

Episode 227:  I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security.  I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject.  As with everything discussed in my podcast series, I just share my opinions and positions…what works or doesn’t work for me.  You need to think and act for yourself.

My biggest objection to using a stop loss is getting caught in a flash crash.  This is what occurred on August 24, 2015:

Yesterday I bought positions in GS & JPM, which are my two favorite DOW stocks that I think will benefit most from short/near term trends in automation, robotics & artificial intelligence:

Forbes reference to my book:


The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores.


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