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Stop Loss or Hedge It?

  • #81
  • Jul 17, 2018 6:57am Jul 17, 2018 6:57am
Quoting dukas_trader
{quote} ok, last post, because you are such a newbie and to lazy to learn the basics, it would need days only to teach you the total basics and thatswhy you stupid questions: when you open a account with different person, what ever.. all unimportant! because you dont need 2 accounts , already when you do one trade in 1 account the broker know what you try to do and will not allow this! he only will allow it, when there are extrem spread in end of weekend, or very big by starting weekend, so you lose more then you win.... i dont know how to help...
Well there we have it.. The king has spoken so i guess it is truly impossible. Sorry for having wasted your time Oh Great One.

P.S. To everyone else. You can tell a person is close minded when you offer a clear explaination and the person changes your instructions. I say that we need two seperate accounts and he is still stu ck on the one account hedge. The n he says even if i use one account, then the broker will close the trade because they know wha t i am trying to do. Mmmmmmmm if that isnt being close minded i dont know what is.
Read my shouts to get myfxbook link
  • #82
  • Jul 17, 2018 8:49am Jul 17, 2018 8:49am
Quoting IggyMon
{quote} Well there we have it.. The king has spoken so i guess it is truly impossible. Sorry for having wasted your time Oh Great One. P.S. To everyone else. You can tell a person is close minded when you offer a clear explaination and the person changes your instructions. I say that we need two seperate accounts and he is still stu ck on the one account hedge. The n he says even if i use one account, then the broker will close the trade because they know wha t i am trying to do. Mmmmmmmm if that isnt being close minded i dont know what is.
because you even cant understand that 1 account is enough, what elso i need to say. anyone around you understand all, you dont check it.

end of discussion, i really cant discuss with a lazy boy who dont learn at least the extrem basics and dont know trading and only wants speak about cheating a broker, what no broker will allow. i dont have time to waste.

good luck with your fantasies.

and this has nothing to do with any king or what you write for bullshit. this is total logic basic, any one already know who starts trading, at least when he learn basics before he starts. when ou really dont know this total basics, no wonder you write so extrem bullshit questions and anybody talk with you has arguments and you have always zero arguments that work. learn or dont wonder you have your problem in each discussion!
  • #83
  • Jul 17, 2018 10:24am Jul 17, 2018 10:24am
Quoting dukas_trader
{quote} because you even cant understand that 1 account is enough, what elso i need to say. anyone around you understand all, you dont check it. end of discussion, i really cant discuss with a lazy boy who dont learn at least the extrem basics and dont know trading and only wants speak about cheating a broker, what no broker will allow. i dont have time to waste. good luck with your fantasies. and this has nothing to do with any king or what you write for bullshit. this is total logic basic, any one already know who starts trading, at least when...
You may want to lower the NoobRage which you are expressing at this moment because it isn't allowing you to even write English well. We could clearly go back and forth but it would only show everyone how little you know. 1 account will not work under the bulletproof example which i gave. I have read mosto of your post where you bash but when asked to open a real account you simply gave the entire run around because you have no funds to trade. That would llead me to believe that you simply want me to show you how it is done so you can feel confident in finally depositing in forex.Have a nice day bud because i sure am having one.
Read my shouts to get myfxbook link
  • #84
  • Jul 17, 2018 5:03pm Jul 17, 2018 5:03pm
Quoting IggyMon
{quote} You may want to lower the NoobRage which you are expressing at this moment because it isn't allowing you to even write English well. We could clearly go back and forth but it would only show everyone how little you know. 1 account will not work under the bulletproof example which i gave. I have read mosto of your post where you bash but when asked to open a real account you simply gave the entire run around because you have no funds to trade. That would llead me to believe that you simply want me to show you how it is done so you can feel...
learn the basics, i bet you are one of the loser and failed traders. 100% sure you dont have any chance to survive in trading or live from trading now and never.

you are lazy, total unexperienced and really to stupid to see the truth. what to say more about you, i put you on ignore list because i see you spammed with your faking many other threads.

good buy and you deserve your thinking how trading and cheating works. at least you will lose and let other win or some brokers, more you cant do with what you write in your posts,

near anything in your post is not true, but a faker like you know this and useless to speak about this fact with you!
  • #85
  • Jul 19, 2018 2:32am Jul 19, 2018 2:32am
Quoting Go.b
{quote} IMO you are not dislcosing much here. Just that you are having a problem with this DD and just about every persons advice here can be applied BUT it all depends on your overall situation. Mindset. Conviction. Account size. Experience . Floating p/l etc..... all important factors Anyway. Happy trading...
Lol
  • #86
  • Jul 20, 2018 12:22pm Jul 20, 2018 12:22pm
Quoting Guufuj
You got a position opened and the market is about to hit your SL (Stop Loss) value. What do you do? Quickly remove the SL value or Hedge it or you just let it go and then smile ?
Let it go and continue due diligence on other stock options!
  • #87
  • Jul 23, 2018 1:50am Jul 23, 2018 1:50am
Quoting Zlattata
{quote} Let it go and continue due diligence on other stock options!
Lol Lol Lol
  • #88
  • Jul 23, 2018 11:53pm Jul 23, 2018 11:53pm

Quoting DonPato
{quote} I think your question is overly simplistic. First of all you have not mentioned any reasons for your hypothetical trade. Most traders I know (myself included) open a position thinking that price will continue to go in the direction of their trade...otherwise why open the position at all. Following this logic then the placement of a stop loss is presumed to be protective in nature. Its whole concept is to protect against catastrophic loss - much like an insurance policy. The idea is you are willing to risk a small amount to realize the potential...

Taking losses head on that you mentioned, is only just one of the many possible ways to approach losing positions.


Regarding what is the best way to deal with losing position, is really subjective and depends on individuals and their trading style.

'For the market to work, it needs people who think that they can beat it.'
  • #89
  • Jul 24, 2018 12:15am Jul 24, 2018 12:15am
Quoting VEEFX
{quote} hmmm... you are asking "what do you do" from a community of 99% losers? Be smart.... collect all the data from responses to this thread and do the opposite! My response... SL and Hedging is the only way to limit risk... remember, I said to do the opposite :-)
Nice.

I picked up many things here as a newbie. Eventually over the years, I realised I have to unlearn everything I have learnt here, in order to move on.
'For the market to work, it needs people who think that they can beat it.'
  • #90
  • Jul 24, 2018 2:49am Jul 24, 2018 2:49am
Stoploss is best in day trading and scalping better to maintain risk-reward ratio to be positive otherwise its always a loss and hedging is best for stocks for long-term investors
  • #91
  • Jul 24, 2018 11:05am Jul 24, 2018 11:05am
Quoting AlastorFate
...Regarding what is the best way to deal with losing position, is really subjective and depends on individuals and their trading style.
Definitely!! And an excellent point that you bring up. However, the post you refer to acknowledges this fact due to the lack of more specific information. Again if you are trading with a stop loss...I assume that stop loss is there for a reason...and I assume that reason is to keep a loss relatively small. Thus following this logic I am unable to understand why you would ADD to your risk by moving it farther away.

I have been faced with this same dilemma on numerous occasions and have found that it wasn't the stop loss (per se) that was the issue, it was more that I had either entered at the wrong time (too soon or too late) or that I had missed an exit or reversal signal. In each case, the stop loss at its set location saved from larger or even catastrophic losses, and kept the loss to something that I could recover.

taking losses "head on" as you put it is part of the business. Again I bring up the Boxer analogy. Why be a boxer if you don't want to take a punch? If you are unwilling or unable to confront the inevitable fact that you WILL sustain losses, then perhaps this business is most likely not a good fit.
@xxxx§|[::::::::::::::::>
  • #92
  • Edited 2:07pm Jul 24, 2018 11:52am | Edited 2:07pm
Quoting DonPato
Definitely!! And an excellent point that you bring up. However, the post you refer to acknowledges this fact due to the lack of more specific information. Again if you are trading with a stop loss...I assume that stop loss is there for a reason...and I assume that reason is to keep a loss relatively small. Thus following this logic I am unable to understand why you would ADD to your risk by moving it farther away. I have been faced with this same dilemma on numerous occasions and have found that it wasn't the stop loss (per se) that was...
Agreed, keeping loss small is important in order to get decent R:R.

There are many ways to approach losing positions as I have mentioned.

In my opinion, taking full stop loss would mean subjecting one's account to maximum damage unnecessarily when the damage could have been minimized.

For instance if one sets stop loss at 50 pips. A loss would be a burden of the need to get a winning trade of 50 pips just enough to barely break even. Stop loss of 20 to 30 pips on the other hand is simply too tight for high volatile markets like Forex.

I used to (in my early days) condition myself to get comfortable with getting stopped out at stop loss level. My accounts self destruct eventually. Following rules and good trading habits don't necessarily equate to profitable trading.

So in my humble opinion, letting a trade hit a stop loss without intervention to cut down the loss is not a good way to trade.

There is no need to move stop loss. Just exit at a 'good' price manually, when you have decided to get out of the position. You can get out at 5 to 20 pips loss instead of typical stop loss of 30 to 50 pips.
'For the market to work, it needs people who think that they can beat it.'
  • #93
  • Jul 24, 2018 1:06pm Jul 24, 2018 1:06pm
Quoting AlastorFate
{quote} Nice. I picked up many things here as a newbie. Eventually over the years, I realised I have to unlearn everything I have learnt here, in order to move on.
It is a very loooonng journey to unlearn i.e. DETOXIFICATION referenced in my past posts. It took be over 3 yrs..I had to learn how to code and build my own strategy builder and tester to rule out 99% of crap system threads running for years with no evidence of profitability or consistency from the thread owner. All those MOFOs landed a spot in my ignore list....including the ones who are supposedly dead and forgotten but admire by fellow losers. They all work until they don't and whatever still works remains part of the intense discipline, focus, determination and execution by the trader. There are very few of those around here and those who claims profitable have yet to show any evidence... which I don't ever care anymore to ask. Just a few interactions is more than enough to come to my own conclusions...lol
Staying in my lane...
  • #94
  • Jul 24, 2018 2:07pm Jul 24, 2018 2:07pm
Quoting VEEFX
It is a very loooonng journey to unlearn i.e. DETOXIFICATION referenced in my past posts. It took be over 3 yrs..I had to learn how to code and build my own strategy builder and tester to rule out 99% of crap system threads running for years with no evidence of profitability or consistency from the thread owner. All those MOFOs landed a spot in my ignore list....including the ones who are supposedly dead and forgotten but admire by fellow losers. They all work until they don't and whatever still works remains part of the intense discipline,...
I totally understand that painful transition period.

Was really naïve when I started out, learnt all the wrong stuffs. So much wasted time and money. Jumped from system to system, read most of the best selling trading books I could get my hand on, never helped one bit. Only when I started to question those beliefs I have been brainwashed with all those years, did I slowly start to see the truth about the trading world.
'For the market to work, it needs people who think that they can beat it.'
  • #95
  • Jul 24, 2018 2:20pm Jul 24, 2018 2:20pm
I'm using hedge than double hedge than hedge again than double hedge until whole orders totally in profit than close all orders.

My method faced to condition : profit ? Or MC ?
3Some Candle TacticaL
  • #96
  • Jul 25, 2018 7:54am Jul 25, 2018 7:54am
Quoting VEEFX
{quote} It is a very loooonng journey to unlearn i.e. DETOXIFICATION referenced in my past posts. It took be over 3 yrs..I had to learn how to code and build my own strategy builder and tester to rule out 99% of crap system threads running for years with no evidence of profitability or consistency from the thread owner. All those MOFOs landed a spot in my ignore list....including the ones who are supposedly dead and forgotten but admire by fellow losers. They all work until they don't and whatever still works remains part of the intense discipline,...
Exactly
  • #97
  • Jul 25, 2018 11:17am Jul 25, 2018 11:17am
Quoting IggyMon
{quote} Well there we have it.. The king has spoken so i guess it is truly impossible. Sorry for having wasted your time Oh Great One. P.S. To everyone else. You can tell a person is close minded when you offer a clear explaination and the person changes your instructions. I say that we need two seperate accounts and he is still stu ck on the one account hedge. The n he says even if i use one account, then the broker will close the trade because they know wha t i am trying to do. Mmmmmmmm if that isnt being close minded i dont know what is.
To be honest, if you want to stay here for a long time then build a trading system with SL tool; that’s the ultimate way.
  • #98
  • Aug 6, 2018 11:16pm Aug 6, 2018 11:16pm
Quoting MariaEduard
{quote} To be honest, if you want to stay here for a long time then build a trading system with SL tool; that’s the ultimate way.
Lol
  • #99
  • Aug 11, 2018 9:10am Aug 11, 2018 9:10am
Quoting Guufuj
{quote} Lol
Why you added that word actually? Please; here I am waiting for the reply! Again, trading without SL unrealistic for the general traders.
  • #100
  • Aug 12, 2018 3:56am Aug 12, 2018 3:56am
Hedging can be dangerous with small timescales as the spread will account for some of the reverse movement.
Choose your SL with care and stick to it in my opinion. You put it there for a reason!
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