In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough is asked if stop losses are necessary after a few sharp down days. McCullough explains, “If it’s below my trend and it’s a bullish idea, I’ll stop us out of the idea.”

“You cannot lose money by not being there. That’s just FOMO,” McCullough says as he shares some insight on backing out of positions before they turn bearish.

Are Stop Losses Necessary? - real time alerts