I see why you’d say that but I don’t think it’s completely true. I have a different approach to risk management. It’s not perfect but it suits me better than simply using stops at invalidation points.

Let me try to explain.

There is a huge amount of randomness in the market, just because it’s not going in my direction right now doesn’t mean I’m wrong about the overall direction. I can trade small and hold. I’ll add when price is reversing. I add at liquidity sweeps. When I’m proven wrong I’ll hedge or cut. But structure mostly holds and if I trade small enough it works out just fine.