TechHacker Noonabout 4 hours ago
Moving Stops Costs Traders 3 to 5% Annually
4 min read
Terrance Odean studied 10,000 brokerage accounts and found traders are 1.5 times more likely to sell winners than losers. This behavior of holding losers and cutting winners costs traders 3 to 5% a year. Moving a stop mid-trade doubles the loss without changing supply and demand.
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