Quote Originally Posted by ;
I have read a few pages of this and it's complete nonsense. Is the OP, or some of those other folks that are anti stop reduction, willing to hold a losing position for several years? The EURUSD has gone straight down 3500 pips this year. Am I to feel that people who don't use stop losses are still holding short positions which might have been entered at the beginning of the year? Not likely. Is OP, and so on, stating that they won't ever accept defeat? On any commerce? Not likely. Emotional stop loss, stop loss order, hedge position etc.. . It's all semantics. . .They all consequence...
Successful traders take defeat. . I take defeat... so do my friends

if you heard the expression 'market is always right' don't put your ego on the line since you're likely to deny a reduction. Trading is winning and losing, but effective is just dependent on your P/L in the end of the year.

So completely agree with you there.

Emotional SL is ALWAYS there, its component of risk management.

And what I teach/preach or talk about is risk management is obviously the most important aspect in trading.