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Stop losses: No foolproof methods for knowing when to hold ’em and when to fold ’em

Here is a piece from Tim Harford on knowing when to persevere and when to quit ... which for us traders might well be phrased as 'should I stop out (or take profit!) or hold on?'

It's a good read, and while he doesn't specifically address trading, I think it can shed light on our behaviours. It might particularly be useful to newer entrants into this world of trading.

What's probably best about it, though, is 3 strategies he offers for dealing with the question. Not all may be applicable to to the 'get out or stay in' question, but hopefully its of interest.

With a title to the post like the one I have, Kenny Rogers may have been appropriate, but I'm going with The Clash:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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