The Stop-Loss Isn't Where You Think It Is

Most traders don't place a stop. They place a number. A round, comfortable 1% that has nothing to do with the chart, and the market doesn't care about it.

This week's article covers:

• The one question a real stop answers, and why "1%" doesn't answer it

• The four places a real stop actually lives on the chart

• How to size the position backward from the stop, never the reverse

• What a misplaced stop quietly costs over a year

Read the full issue on Substack →

For education only — not financial advice.