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Applying Smarter Stop Loss Orders

Stop loss orders aren't always the best tool when trading risk-defined option strategies. Learn how to apply smarter stop loss orders using probabilities.
Applying Smarter Stop Loss Orders
Kirk Du Plessis
Apr 19, 2021

Smarter stop loss orders when trading starts with understanding the probability of touch vs the probability of expiring as it relates to a strike price. Most traders have the perceived assumption that stop loss orders help reduce risk but it couldn't be further from the truth as it relates to risk-defined strategies.

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