grist for the mill
- Joined Feb 2019 | Status: Member | 1,413 Posts
Confucius: the man who broke the mountain was the same man who started ...
Stop Loss is not a financial loss 23 replies
Ea for take profit and stop movement based off risk(stop loss) 13 replies
Stop Loss vs. Hidden Stop Loss 26 replies
Who is best ? stop loss or trailing stop 46 replies
Stop Loss and Trailing Stop 0 replies
DislikedThe stop loss is what shows you that your trade was wrong when you started it, and allows that if you failed you can later have time to reflect and money to move forward. It is like saying wow I started a business, with the great advantage of being able to close the company before reaching bankruptcy, which allows me to be more strict in my next company and the possibility of achieving the one with more successIgnored
DislikedBut we Love Technical Witchcraft. I can code an EA for that [Guess <Up or Down>;]; lolIgnored
DislikedImo there's no benefit to not having a SL. It's gambling otherwise?Ignored
Disliked{quote} 11 pages and about the most interesting comment yet, also kinda cryptic in the double-neg, clap clap you might have missed the part where i am on 90%+ expectancy.. now i've never seen a gambler play those odds, let alone be given them by the house - yet others call me the gambler (oerr) when they are betting on magic lines with not much more than 50%exp (if they would even know that), or maybe running 20% but still in profit, however what does 80% loss do to ones mind you might wonder -- and as mentioned, given equity management...Ignored
DislikedIf you plan on selling trading signals or participate in copy trading as a provider you should ALWAYS use a stop loss. It's easy to spot a good trader, just look at the drawdown figures on their trade explorer. Would you ever subscribe to a system that has a 50% drawdown? There is a right way to lose and a wrong way to lose. This video is a good example of the right way to lose ..When things go wrong you bail out and live to trade another day.Ignored
DislikedHey guys, Let's say you want to use stop losses How would you do place them easily without thinking twice about it? I mean, like instantaneously Let's say I want to enter a trade at 1.2020. How do you set them up without using any other indicator than a moving average and the stochastic and knowing that you can't spend too much time calculating them since you're trading the 5 min chart? Is there any way to know where to place them immediately? And besides, I often see long wicks on candles that can easily hit your stop losses but whose price keeps...Ignored
DislikedDon't recommend this to anyone. Stop loss will protect you. Like driving with no seatbelt or not using face mask during covid. Only morons don't use them.Ignored