Do you keep finding yourself getting stopped out of perfectly good positions? Or on the other end of the scale are you finding your stops are never getting hit? What even is a stop loss and why should we be using them? Should we be using them at all? All the questions we look to answer on this weeks episode of The CLEAN Trader Podcast hosted by Chris Chillingworth. Live from the new trading cabin.
The CLEAN Trader podcast was created by active trader Chris Chillingworth to share insight, ideas, tips and experience on how to improve as a mechanical systematic trader. Self described as a british bearded trader who likes rock music, wine and formula one racing.
Mechanical Systematic trading is a strategy that does not make predictions on the stockmarket, but instead looks at reacting to what the price of a market is actually doing. There is no attempt to be right, on the contrary, mechanical system traders expect to be wrong most of the time. They focus on killing losses quickly and letting winners run to ensure profitability.