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Gold Nugget For You!

  • #61
  • Aug 16, 2020 2:08pm Aug 16, 2020 2:08pm
Quoting jo24
{quote} I typed search but I meant research. Do not underestimate words.

Well, dont worry. It took me 5.5-6.0 yrs to put my hands on the first prototype of the final version. You are probably just half way up.
Maadik Hugiis. IQ 69.
  • #62
  • Aug 16, 2020 7:16pm Aug 16, 2020 7:16pm
Quoting MoneyZilla
{quote} Well, dont worry. It took me 5.5-6.0 yrs to put my hands on the first prototype of the final version. You are probably just half way up.
Frankly, I don't think that you are successful in trading...you are here to get attention like many others.
  • #63
  • Aug 16, 2020 7:20pm Aug 16, 2020 7:20pm
Quoting de5151
Like has been alluded to, the big boys taking $10 million dollar + trades are not going to use a stop loss and lose $10 million +, they have strategies to prevent losses and get successfully out of "losing" trades at break even. Even the small retail trader can take these same principles and apply them to their small account. I personally rarely ever use a stop loss -- I follow these hedging principles in a much tighter way. See video below. (the really good stuff starts about the 40:00 mark). https://www.youtube.com/watch?v=6a5BUstu5yk...
When price just up and down around this recorvery zone, sooner or later the account will don't have enough money to establish now position. It's kinda like martingle at some point. But i think it can be profitable, according to ADR or other indicator, set up TP at a level that is smaller than ADR, then the price will have high probability hit the TP. And need to select a pair that have good momentum so the price won't always move around the recorvery zone.
  • #64
  • Aug 16, 2020 8:33pm Aug 16, 2020 8:33pm
Trading without stop-loss is an idea that will work if one has an unlimited amount of time and money. Which no one here has.

The only way you can do it is by buying an index , or Gold because the value of all currencies will continue to depreciate with time.

Nevertheless some people do cut their losses based on changes in fundamental information. Thou they don't have a hard stop, they exit position when they think their analysis is wrong.

The reason you lose is not because of stop-losses. It is simply because you do not have an edge over other market participants.

Save yourself a lot of time. Cheers!
When you see it, BET big.
  • #65
  • Aug 16, 2020 9:13pm Aug 16, 2020 9:13pm
Quoting jo24
{quote} Frankly, I don't think that you are successful in trading...you are here to get attention like many others.

Jun-Jul. 1 out of 15... each month i do add 5-6 new accouts. These are all us cents.

frankly...
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Maadik Hugiis. IQ 69.
  • #66
  • Aug 16, 2020 10:58pm Aug 16, 2020 10:58pm
Quoting Fred-IV
{quote} It is not only understood but well known here on this site. We know the final result and you will know it in the future. The main point is to enjoy the process, this is the real benefit, partly because there is no other.
We all think we are different before beated by the market several times.
  • #67
  • Aug 16, 2020 11:08pm Aug 16, 2020 11:08pm
Quoting ASMTrading
{quote} Hi MoneyZilla, I don't use SL's, if the position goes against me I open a hedge in the opposing direction at the same point a SL could be applied..... it locks the loss... so even if the market goes 100, 200, 500 pips against my initial trade.... the loss is locked at the hedge distance. (BTW, I don't trade Monthly Charts....) Instead of being panicked into making a rushed decision or sitting there watching your stop being taken out… Put up a fight… and place an opposing 0.5 lot Sell position… the opposite direction of the original trade,...
lol. A buy and sell order at the same time, Hilarious. All you do is incur extra swap on the first trade, plus extra commissions , slippage and swap on the second. Weather you are aware of it or not, you are market neutral. Which is the same as closing the first position without incurring the additional costs.
When you see it, BET big.
  • #68
  • Aug 17, 2020 1:07am Aug 17, 2020 1:07am
buy n sell at the same time is not funny for hedgers. it is normal, and we got swap free account.
LUCKY golden trades, LUCKY gold investor trading style
  • #69
  • Aug 17, 2020 1:57am Aug 17, 2020 1:57am
Quoting welsonclum
{quote}]It's kinda like martingle at some point.
It is martingale.
  • #70
  • Aug 17, 2020 2:26am Aug 17, 2020 2:26am
Quoting Anusragger
{quote} It is martingale.
Not a native English speaker.
  • #71
  • Aug 17, 2020 5:38am Aug 17, 2020 5:38am
Quoting welsonclum
{quote} Not a native English speaker.
I didn't mean your spelling. I meant that the system IS martingale. Not "kinda like".
  • #72
  • Aug 17, 2020 6:16am Aug 17, 2020 6:16am
Quoting Rennaissance
The reason you lose is not because of stop-losses. It is simply because you do not have an edge over other market participants. Save yourself a lot of time. Cheers!
Amen
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #73
  • Edited 9:30am Aug 17, 2020 9:02am | Edited 9:30am
Quoting Rennaissance
The reason you lose is not because of stop-losses. It is simply because you do not have an edge over other market participants. Save yourself a lot of time. Cheers!
You dont exist to other participants. You trade with a broker. They enter the market at other levels. If they enter at all. So do retail traders or dumb money really exist?
  • #74
  • Aug 17, 2020 9:26am Aug 17, 2020 9:26am
Quoting Anusragger
{quote} You dont exit to other participants. You trade with a broker. They enter the market at other levels. If they enter at all. So do retail traders or dumb money really exist?
The broker is simply the man in the middle. The retail trader is called dumb money because, he unless in some few situations always losses money.
When you see it, BET big.
  • #75
  • Aug 17, 2020 9:29am Aug 17, 2020 9:29am
Quoting Rennaissance
{quote} The broker is simply the man in the middle. The retail trader is called dumb money because, he unless in some few situations always losses money.
So this middleman simply places your 0.01 lot for you on the market?
  • #76
  • Aug 17, 2020 10:17am Aug 17, 2020 10:17am
Quoting Rennaissance
Trading without stop-loss is an idea that will work if one has an unlimited amount of time and money. Which no one here has. The only way you can do it is by buying an index , or Gold because the value of all currencies will continue to depreciate with time. Nevertheless some people do cut their losses based on changes in fundamental information. Thou they don't have a hard stop, they exit position when they think their analysis is wrong. The reason you lose is not because of stop-losses. It is simply because you do...
there is a way to trade without stop loss and not risk to blow account.
  • #77
  • Aug 17, 2020 10:18am Aug 17, 2020 10:18am
Quoting MoneyZilla
{quote} Jun-Jul. 1 out of 15... each month i do add 5-6 new accouts. These are all us cents. frankly... {image}
Or it's a demo or it's photoshop.
  • #78
  • Aug 17, 2020 10:42am Aug 17, 2020 10:42am
Quoting jo24
{quote} Or it's a demo or it's photoshop.

I have to admit it! You just nailed me!

You gotta be a wizard?

It is a demo! I do regular deposits in there!
Withdrawals, sometimes, too!



EDIT: Here is one more, from another angle?
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BTW, you can try deposits and withdrawals on demo accounts! It is so much fun! The latest MT4 build 1280 does allow all that! TRUST ME!
Maadik Hugiis. IQ 69.
  • #79
  • Edited 12:31pm Aug 17, 2020 12:18pm | Edited 12:31pm
Quoting MoneyZilla
{quote} I suppose, you do need to CREATE the strategy you were looking after the last 3 years? Once you reach your goals, you will immediately understand why you could not find it during these three years of searching... Just add RE, as a prefix. Replace search with RESEARCH.
Research......never thought I would see that word mentioned on a retail forum
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #80
  • Aug 17, 2020 2:26pm Aug 17, 2020 2:26pm
Quoting MoneyZilla
{quote} I have to admit it! You just nailed me! You gotta be a wizard? It is a demo! I do regular deposits in there! Withdrawals, sometimes, too! EDIT: Here is one more, from another angle? {image} BTW, you can try deposits and withdrawals on demo accounts! It is so much fun! The latest MT4 build 1280 does allow all that! TRUST ME!
So why you bluster here?? Don't waste my time with your fake teachings about trading. I have much more knowledge than you!
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