Wrong. Just look back to the SNB f*** up and what happened with FXCM afterwards.Since I am a beginner I had to read the definition for black swan at Investopedia.
My thought was to always set a stop loss on all open trades and that should be enough to rescue any account balance.... right?
I was the wrong way round on that day and I can tell you with absolutely certainty that having a stop only protects you from "normal" market conditions. I gave up 9 mths profits on that one day despite my stops.