Here is a Gold Nugget for you guys!
So, after years of wondering what Wall-street guys do exactly, I landed on Trading 2 years ago. I specifically got so interested in FOREX because of use of Leverage (I had no capital to invest at all) so I stuck to Forex but just like every noob, I tried everything crazy, watched almost every YouTube video, bought signals on Telegram, lost my small accounts, I even traded a Full Lot with a $200 account (Yah how hard can determining whether price is going up or down be, right?) and a million other mistakes followed with so many Scammers selling all kinds of BS etc.
Then I met a guy who quit trading 10 years ago and he told me how they used to trade. According to him, a trade was never in a loss until it is closed in a Loss. Otherwise it was just a bunch of red numbers. In short, they would hold a trade until it comes back to positive. But then clearly, that's suicide. After listening to his story, something clicked in my mind.
WHAT IF YOU NEVER HAVE TO CLOSE THE TRADE UNTIL IT IS IN PROFIT!
Ladies and Gentlemen, introducing trading without Stop Loss. That was the beginning of my profitability in Forex. It is funny how no one talks about it because I searched everywhere but couldn't find anyone sharing a strategy without SL.
The purpose of this thread was to show you the way and encourage contributors to develop a no SL strategy right here. I will continue to contribute as well and share my personal strategy as well (If a better one is not derived here)
Feel free to share every no stop loss strategy you have ever seen here and we discuss all of them.
Cheers
So, after years of wondering what Wall-street guys do exactly, I landed on Trading 2 years ago. I specifically got so interested in FOREX because of use of Leverage (I had no capital to invest at all) so I stuck to Forex but just like every noob, I tried everything crazy, watched almost every YouTube video, bought signals on Telegram, lost my small accounts, I even traded a Full Lot with a $200 account (Yah how hard can determining whether price is going up or down be, right?) and a million other mistakes followed with so many Scammers selling all kinds of BS etc.
Then I met a guy who quit trading 10 years ago and he told me how they used to trade. According to him, a trade was never in a loss until it is closed in a Loss. Otherwise it was just a bunch of red numbers. In short, they would hold a trade until it comes back to positive. But then clearly, that's suicide. After listening to his story, something clicked in my mind.
WHAT IF YOU NEVER HAVE TO CLOSE THE TRADE UNTIL IT IS IN PROFIT!
Ladies and Gentlemen, introducing trading without Stop Loss. That was the beginning of my profitability in Forex. It is funny how no one talks about it because I searched everywhere but couldn't find anyone sharing a strategy without SL.
The purpose of this thread was to show you the way and encourage contributors to develop a no SL strategy right here. I will continue to contribute as well and share my personal strategy as well (If a better one is not derived here)
Feel free to share every no stop loss strategy you have ever seen here and we discuss all of them.
Cheers
Don't respond, I don't want to discourage you or spoil this thread. 
