when hanover is sleeping, i show some support here to him
first, let me use an analogy:
tom is a great trader, he has been profitable for two years. every morning, he smokes 1 box of cigar, feeling great, then go trading, and winning. he concludes " smoking 1 box of cigar is my key of success ". then he keeps doing that, and he keeps winning in trading.
it is okay that tom does his trading in that way: smoking a box of cigars, then trade.
it is NOT okay that tom tell the other folks " smoke and trade, you will win. it is the key to trading ."
second, i can guess why fxtr and favourite support NO-SL, since i've been there before. they think that they can have "another chance" to save the wrong position. and this "another chance" may show up several times, and they can take the correct direction in at least for once to exit with profit/BE.
this thought is NOT right in math.
we all know that you toss a coin, even if you've tossed 100 head-up, for the 101st toss, your chance of head-up is still 50%.
similarly, if you enter a pos, it goes into DD, at this point, you decide to lock, your winning probability is same as SL and enter another opposite pos.
As to the p/l thing, hanover has said all.
now i actually believe that fxtr and favourate are profitable traders. but please, you are profitable NOT because you do lock-unlock. it is simply because you know the timing. On the other hand, noobs who try to follow your lock-unlock way will doom.
first, let me use an analogy:
tom is a great trader, he has been profitable for two years. every morning, he smokes 1 box of cigar, feeling great, then go trading, and winning. he concludes " smoking 1 box of cigar is my key of success ". then he keeps doing that, and he keeps winning in trading.
it is okay that tom does his trading in that way: smoking a box of cigars, then trade.
it is NOT okay that tom tell the other folks " smoke and trade, you will win. it is the key to trading ."
second, i can guess why fxtr and favourite support NO-SL, since i've been there before. they think that they can have "another chance" to save the wrong position. and this "another chance" may show up several times, and they can take the correct direction in at least for once to exit with profit/BE.
this thought is NOT right in math.
we all know that you toss a coin, even if you've tossed 100 head-up, for the 101st toss, your chance of head-up is still 50%.
similarly, if you enter a pos, it goes into DD, at this point, you decide to lock, your winning probability is same as SL and enter another opposite pos.
As to the p/l thing, hanover has said all.
now i actually believe that fxtr and favourate are profitable traders. but please, you are profitable NOT because you do lock-unlock. it is simply because you know the timing. On the other hand, noobs who try to follow your lock-unlock way will doom.