塔勒布在《Trading With a Stop》中批判了大众对止损的迷信，他认为止损并非真正的风险保险，只是将分散的风险集中转移到设定价位，用频繁小额亏损替代极端大亏；止损会反向扭曲市场，交易者扎堆设置的技术位会成为止损密集区，被算法与大户针对性猎杀，形成“止损坟场”；真正的风控并非固定设止损，而是依靠分散仓位、动态调整、尾部对冲等方式打造反脆弱体系，从市场波动中获益，而非单纯规避亏损。
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