How to Stop Guessing with Your Stop Losses
Here’s how to use a stop loss and trailing stop losses like pro traders (instead of guessing). When stop losses are used effectively for day trading, they transform your risk management and maximize profits. This video will cover how I use stop losses in my trading and the common mistakes retail traders make when setting stop losses.
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ABOUT ME
If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards.
The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.
May you want it bad enough to overcome any obstacles.
-(The One) Lance B
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DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-ser...
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Chapters:
00:00 How to Set Stop Losses
00:23 What is a Stop Loss
01:04 Stop Loss Mistakes
02:58 How Pros Set Stop Losses
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