@ProtectCash @Cookie_M I use position size to control risk, not stop loss size. Stop loss size is based on best statistical probability for the trade. This is a long term system that the average trade is around a year.
@Hillhick nice! I went to position size too for controlling risk. That said, I came up with a strategy for *when* it made sense to use stop losses. Called it "Stop Trend" instead... Only use stops when there's risk of the trend changing. That mean't during consolidations. And at all other times where there is a trend, don't use stops. The above only works if you're disciplined with sizing too and that means taking partial profits at channel tops and only adding as close to channel bottoms as possible.
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