67: The Stop Loss Myth - 10 Backtested Option Strategies Prove They Create More Losing Trades

The Option Alpha Podcast

Kirk Du Plessis

Education, Options Trading, Trading, Investing, Stock Market, Business, Finance

4.8 • 1.2K Ratings

🗓️ 24 October 2016

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show notes: http://optionalpha.com/show67 In most investing or online trading circles, it's common place to hear people tout the need for "stop loss" orders to theoretically protect your portfolio. And while there is no doubt that stop loss orders help mitigate large drawdowns from time to time, the question I never see asked is, "What am I giving up by implementing a stop-loss order as part of my trading system?" You see, all too often traders and financial educators are quick to harp on the...

Transcript

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0:00.0	You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make
0:06.3	smarter trades learn how the stock market really works and generate consistent monthly
0:11.2	income. Now your host and head trader at
0:15.0	option alpha.com Kirk depluses.
0:19.0	Hey everyone this is Kirk here again at option alpha
0:22.0	com working every single week to make this the most popular
0:25.2	investing podcast offered online because it's based on one thing and one thing only and that's helping you make
0:30.4	smarter trades. So again thanks so much for tuning in today. On today's show, we are going to be covering just a small, small sliver of some of the back testing that we've been doing here at Option Alpha over the last year plus that
0:44.6	we're going to be releasing here in the next couple weeks and I don't have a
0:47.2	definitive date yet because I know I get a lot of people who are emailing me lately
0:50.1	and asking like when's this stuff going to be coming out but it will be
0:53.0	coming on the next couple weeks believe me you will know about it if you're already
0:56.3	listening to this podcast and it's been a couple weeks already my one just
0:59.4	check the website and we might have some you know news or banners or something on that.
1:03.2	But what we're going to be doing is doing a couple things, releasing one completely new
1:07.9	back testing software that you can use.
1:10.4	So you'll be able to go in yourself and back test different option strategy
1:14.8	setups and layouts and parameters and all kinds of different things and get
1:18.6	performance results for years and years of data on different EDFs and stocks or summarize all
1:25.0	stocks or all trades or all of that stuff,
1:27.0	it's going to be ridiculous.
1:28.0	And I guarantee that nobody, nobody in this industry has
	...

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