Little white dog

This is my Journal.
There are many like it.
But this is my Journal. I like it.

Hey guys its time for me to start a journal to have a place for me to post every shit. thats in my brain. Your welcome to read and to post helpfull things.

But no haters. I really think some things should be hated but not me im very nice

I will post my trades, some ideas about trading and of course not trading related stuff.

So when You think you have to write here something, you're Welcomed!

Broker will be Fxcm or oanda. Both not the best choice but with some time i will change the broker. As german i like to see how things are break down before i change anything!

Reasons for not using A Stopp loss.

Not all traders use stop losses, for one because there are often better ways of managing risk, such as with hedging as we’ll see below. But first, here are some of the arguments against using stop losses.

1. By placing a stop loss you are telling your dealer where you are planning to exit the trade

If your broker is a dealer they’re also making a market for you. Unlike an ordinary broker a broker-dealer can take market risk. That means they may not be entirely impartial. They could potentially be on the other side of your trade or those of many other clients.
This means your loss is their profit. When the dealer can see at what price orders are set to exit, that gives them an unfair advantage.
It’s doubtful that a retail forex dealer – a minor player in the league of things – could single-handily move a currency pair. They just don’t have the muscle to swing the market to eat-up stop losses in pacman-like fashion.
Nevertheless a dealer could easily open their spread to capture bunches of nearby stops – if they really wanted to. Given the kinds of legal actions we’ve seen regulators take against some brokers, this doesn’t seem too far-fetched.

1. A widening spread can only ever trigger a stop loss, not a take profit

When the price is the same, a widening spread can only ever trigger a stop-loss. It can’t trigger a take-profit. Therefore if the spread is fluctuating it’s far more probable to have a trade stopped-out rather than reaching a take profit.
The spread disparity greatly increases the ratio of stopped trades to profit trades – even when the stop and profit distance is the same. This is why many forex trades on the retail side end in loss.

1. With a stop loss you risk being stopped out by a temporary price spike

How many times have you looked at a trade that’s been stopped out only to see the market happily moving in the direction you first predicted? This happens classically when a volatility spike fires a stop loss, and so closes the position.
Far from being smooth and orderly, forex pairs have a tendency for bursts of high volatility. Spikes and single candle events are where the bid/ask price makes a large step-change.
These events are common at breakouts. These fake-outs are where the market makes a false break in the other direction before eventually reversing. Spreads are also on the rise which further increases the chance of a stop out (see above point).

1. Trades are not independent and should be managed as a group

Most trading strategies will hold more than one trading position. So given that most markets are correlated to some point, does it make sense to manage stop losses independently?
In this case a trader may be quite relaxed about a loss on one trade, where it’s compensated for by a profit on another. This is ordinary hedging.
With some strategies, hedging can be a safer and more reliable way of protecting downside losses than stop losses.

1. Trading with a stop loss makes you careless

Some say that trading with stop losses leads to lax analysis and sloppy trading. Perhaps this is because the trader subconsciously sees the stop loss as a safety net. In the same way that riding a bike with safety stabilizers could make you over-confident as well as more prone to take uncalculated risks.
The trader without stop losses might be more prudent in the choice of trade, money management, and the control and monitoring for the account.

1. In a real market-meltdown a stop loss may not protect you anyway

This final point is the killer. Far from being a guaranteed safety net, a stop loss is only as good as your broker’s ability to exit the trade at your stop price. When the market collapses and liquidity dries up – something that happens from time to time – a trade will exit at the first price it happens to hit. That could be many percentage points away from a stop out level, potentially leaving you with massive losses.

Stolen from Forexop.com

Every asset needs its own stopploss and takeprofit. Because of statistics you cant trade every Forex pair and say i aim for 20 pips with a 10 pip stop that makes no sense.

I dont use a stopploss i have a good money management and a collaps of the system will hit me not that hard.

We have to watch for news. Not because they are that important but broker and market maker use them to justify big spread spikes and bullshit moves.

Building Positions is the biggest fun in the World! Trading is a passion. Nothing less. otherwise your doomed.


Thanks to Samer1970 a really helpfull guy when you open your mind.

Well hello there mr. nice guy from Germany, kind regards from a nice girl from the Netherlands with a very handsome snowwhite (Husky) dog. May the pips be with you.

Thank you very much

Huskys are so cool and really beauty's, but they need to much walking for me

okay mr nice guy
lets start hihihihi xixixixi

Most of the Money management of most guys makes no sense to me!

Most people enter a trade set a fixed target and a stopp loss okay until here. But now they close one half of the trade when they hit 1:1 and another half at 1:2.

But what happens when the stop loss hits`? exact it hits the complete Position. they dont scale out in loss.


Most people are killing their edge because they hear at marketers not traders. The be +1 is as well not that smart. you will kill most of your winners because you dont

use the normal movement of the asset. The market dont care if you are 20 pips in profit.

Most people should think themselves. When 95% are looser in this game dont do what everyone is doing! Think about let winners run cut loosers short.

The biggest noob mistake i did so often. System Hopping!

I found a really good system I learned a lot about it. After a while i thought that a other system fits my life better and has more opportunity to make a big profit.

I could me much longe profitable if i used one system and believe in it.

A Drawdown is not something to avoid but something to survive. No system works in every market sentiment.


All years some guys tell you trendfollow doesnt work anymore. Because the big hedgefunds are in drawdown for like 18 months and when they make money everyone

talks about the new glory of trendfollow. Its a cycle. You have to be one of the first one to make money in it.

Filters are mostly stupid.

Everytime i see a good system on FF it will get incredible complicated. Because in the human nature we want that we can controll everything. That can not be the case

at the Markets. The market gives a shit about us.

U only need a simple system based on statistics and not some visual backtest for some days. Then you have to trade the edge dont try to make money the whole time.

You can make money in range or trend not both. To fix that use multiple systems!

A pizza is nice, a Chocolate bar is even nicer. But together its not that fun to eat. think about it.

Kiss. I believe in it.

Cute as Fuck!

thanks to samer1970

tip: learn the power of compounding!

If you dont belive that most or near to all. That want to get paid or that you sign to their broker to teach you trading are only making money through marketing and not trading.

Look for Broker affiliate offers. The pay really alot and selling courses via the internet is much easier than make money trading.

If you think about it you would never pay anyone to teach you trading. When they can trade they have much better ways to make money besides trading. Or can show you a track record of Years and years.

You dont pay a cook to teach you when he only shows you how he make a toast.

Who ? Trader or dog, or both ?

The dog, of course

What a beauty jeanet !

Learning Coding. Is really helpfull nowadays in trading and most other fields. I tried it many times but its really hard

Nice!

If you have basic knowledge in coding, MQL4 is easy peasy.
All you have to know beside your trading logic is the MQL4 API library.

https://docs.mql4.com

thanks for the help

I have no knowledge thats the problem but things start to getting clearer and thanks for the library i doesnt know that before!

I try to get my Tp trailing with a moving average but i dont get it for 3 hours now. its annoyingly.