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Trading with no stop loss

  • #201
  • Dec 4, 2020 5:02am Dec 4, 2020 5:02am
Quoting HeyYou
{quote} btw I diversify very little actually. still better than using leverage... that is not managing risk at all because you can blow your account.
Agreed. That is certainly safer.
  • #202
  • Dec 4, 2020 6:26am Dec 4, 2020 6:26am
well that's part of leverage, reserves are almost assumed but lately it seems no one respects this, thus we have the REGULATORS cracking down on it, sad , sad, sad

the abuse of leverage is when there is no reserve, yet leverage basically implies the need for a reserve , yet now forex also sees people who don't get that so we all have to be regulated.

how about enforcing a test before people sign up, oh no, but that might seem discriminatory

just as in society:the laws now need to protect people from themselves in our ever evolving mental devolution - of course it's not the end of everything, just more inconvenience
grist for the mill
  • #203
  • Dec 16, 2020 5:30pm Dec 16, 2020 5:30pm
took a bit longer to double the account than expected, 55 days over a hopeful 30days , but it is the end of the year and Aud started to swing long so it got a little tricky
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..yes, that's a 90% win rate folks , who can beat that?
grist for the mill
  • #204
  • Jan 14, 2021 11:06pm Jan 14, 2021 11:06pm
*************NEW YEAR*************

so with very little data i'm back to milking audsgd - please note the blue balance /price facilitation line, and added time cycles for some extra kookiness - see you at the psychic convention
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grist for the mill
  • #205
  • Jan 14, 2021 11:27pm Jan 14, 2021 11:27pm
AUDSGD
  • #206
  • Jan 15, 2021 11:10pm Jan 15, 2021 11:10pm
Hi guys, since the topic is about no SL and keeping the position for quite a time i got a question as a new trader haha..... Have you guys experienced getting a high negative swap? I got -19.50 swap on 1 position only, it is really concerning to me since if the pair does goes up will it increase too? Or if the pair goes down will the negative swap go back to 0? So basically before i slept i checked the status of my position and
Buy: +10$
Swap: 0
but when i woke up it is
Buy: +35$
Swap: -19.50
Position placed: Jan 13, 2021

can anyone help me with this? I’m really concerned because i just loaned money from my brother since i don’t have school yet. Im still trying to learn forex since November so sorry if i dont know much haha. Thank you
  • #207
  • Jan 18, 2021 1:51am Jan 18, 2021 1:51am
Capt. Mainwaring -Well done Jones.
Just leave the pound of liver round the back.
aside to Wilson - poor ole fella used to be such a sensible sort.
-
  • #208
  • Jan 18, 2021 6:28am Jan 18, 2021 6:28am
Quoting Pandaguy
H I got -19.50 swap on 1 position only, it is really concerning to me since if the pair does goes up will it increase too? Or if the pair goes down will the negative swap go back to 0?
swap some stawwwks, swap is the law, you pay to play on that trick
grist for the mill
  • #209
  • Jan 18, 2021 9:59pm Jan 18, 2021 9:59pm
Trading without stop loss orders is quite viable, however, traders still need to put some methods in place to guard against large potential losses. This can include employing hedging strategies, options, or using very low or no leverage.
  • #210
  • Jan 19, 2021 7:17am Jan 19, 2021 7:17am
Thats insane lol but each to their own i guess haha
  • #211
  • Jan 19, 2021 10:26am Jan 19, 2021 10:26am
Quoting Pandaguy
Hi guys, since the topic is about no SL and keeping the position for quite a time i got a question as a new trader haha..... Have you guys experienced getting a high negative swap? I got -19.50 swap on 1 position only, it is really concerning to me since if the pair does goes up will it increase too? Or if the pair goes down will the negative swap go back to 0? So basically before i slept i checked the status of my position and Buy: +10$ Swap: 0 but when i woke up it is Buy: +35$ Swap: -19.50 Position placed: Jan 13, 2021 can anyone help me with...
wednesday is the day the broker with swap triple the charges.
LUCKY golden trades, LUCKY gold investor trading style
  • #212
  • Jan 19, 2021 10:43am Jan 19, 2021 10:43am
We can trade with no sl by hedging as i did
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LUCKY golden trades, LUCKY gold investor trading style
  • #213
  • Jan 19, 2021 8:43pm Jan 19, 2021 8:43pm
AUDSGD account has been modified a bit as it has had a good run so going to try turn down the risk a bit.


Started up a new account with a new target/pair, early data is looking good so will try get another double-bagger through feb, will update once it starts, action!
grist for the mill
  • #214
  • Edited 1:57pm Jan 20, 2021 12:17pm | Edited 1:57pm
Quoting JackJones
, will update once it starts, action!
so here is the background brief - pattern highlighted :

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brown zone is a trend/ price push, which is not ideal but if it gets bad this is what i can expect... black line is the median/price facilitation

***
usdjpy is starting to show a pattern, possibly worth playing but some potentially big brown zones means it would be low risk

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grist for the mill
  • #215
  • Jan 22, 2021 4:25am Jan 22, 2021 4:25am
audcad dumping same session - respecting my line 4th time lucky? lets see who wins - ps rare to see aud getting bid last session friday
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grist for the mill
  • #216
  • Jan 22, 2021 2:36pm Jan 22, 2021 2:36pm
Quoting JackJones
I've invented a new system: it's called JJNSLS There is only one rule. You must trade WITHOUT a stop loss. The goal is to trade in or out of any position, so consider it a randomized trade. You must take one trade and manage without bias or technical witchcraft. If you only grow bananas then what can you do? You see? This is the art of the master trader. Good luck.
That's new, most guys here always advise to use stop loss. So what % do you risk if you don't have stop loss at 100%?
  • #217
  • Edited 10:27pm Jan 23, 2021 10:01pm | Edited 10:27pm
Quoting Almond9323
{quote} That's new, most guys here always advise to use stop loss. So what % do you risk if you don't have stop loss at 100%?
well if youre trying to get 100% roi in 1-2 months then risk is 100% - but returns and risk can be adjusted - i'm also expecting 85-95% win rate and i don't expect that to last forever as a pair will eventually change.. range trade win rates at 90% over a year are hard to find .. some do though, but by the time you get on them it might be too late-- If more money is in play then i use 'grey stops' and/or 'hibernate' - ideally i'm not live in one account with more that two pairs++correlations as that increases exposure considerably :

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reluctant to play usd of late as it can be a bit skitzo, plus usd demand is surely coming, all sort of people are mega short usd still so the eventual swing back will be brutal

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whereas a cross is calm as:

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but not all crosses

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grist for the mill
  • #218
  • Jan 23, 2021 10:24pm Jan 23, 2021 10:24pm
Quoting JackJones
audcad dumping same session - respecting my line 4th time lucky? lets see who wins - ps rare to see aud getting bid last session friday {image}
hmm well wrong on that, a/c still loving the line -- a neat distribution would now be a spike to the top line otherwise it must be due for a fall surely

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grist for the mill
  • #219
  • Jan 25, 2021 11:09am Jan 25, 2021 11:09am
Quoting fx4money
We can trade with no sl by hedging as i did {image}
Too many minus trades though how do you keep track and close?
  • #220
  • Jan 27, 2021 4:55am Jan 27, 2021 4:55am
a/cad didn't hit the line 98700, so looks like they are having a go at the lows again this week, good grist.

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stuck usdjpy on the new double-bagger account because this low vol is killing my entertainment. might switch it out if i think usd will start to swing, but should be a month in it at least.
grist for the mill
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