| I have heard all of these statements repeated during my nearly 20 years of trading options and markets in general: - "Let your winners run, cut your losses quickly."
- "Keep your losses small"
- "You have to use stop orders"
Traders get so concerned with getting the stop orders in place to limit the losses that they don't always do so in the right way. In fact, in many cases in an attempt to limit the losses traders can actually cause more damage... Learn More Here
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