Billytt Die happy trading e/j daily breakout

Quoting lddd

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{quote} I know a 100 more traders now working at Burger King again after they decided to do the no stop tactic. Where can I please talk to these professionals sir? :-) All I read and hear from so called pro traders is exactly the opposite. Before they even think about where to enter they would know exactly where to be out, let alone slippage and some black swan event that might still would erase such pre defined risk limit and showing you the middle finger. So you say I shall not stuck in a „where to define my stop loss“ loop and instead let my...

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Quoting herewego

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The stop loss question is one that will never have a definative answer. Both the systems I trade do have a initial SL but they are placed at levels that I am comfortable with from a structural point of view. Personally, I try to scale out of losers just in the same way that I scale out out of winners. My object is to keep the loses minimal, however the rush to move to BE has never worked long-term for me.

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Quoting Fagin

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{quote} Same here, when I started to realise the money management is actually more important than anything else it seemed to be that actually you could trade anything at any point and the entry/exits/indicators/criteria etc just get thrown out of the window.... People never START with money management in their trade plan, it's all if x does this then y with a stop loss of z blah blah.. and down the rabbit hole you go.. for years.

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Quoting herewego

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{quote} I echo exactly what you are saying. When I glance through the threads on FF I sometimes come across systems that I consider to be pretty stable as they are on page 1, however there seems to be an obsesion with not having any losing trades on page 3 which turn a ok system into one that has lost all of its initial profitablity. There is seldom talk of risk management in respect of limiting loses. The HOLO and 1-2-3 strategies dont suit how I like to trade but I admire them for not changing anyhing along the way over many years.

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Quoting birdland

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i love the 80s with good mood music like culture club https://www.youtube.com/watch?v=YewVugPHon4 my sould needs this to escape into an ideal world away from the increasingly obvious fascism. my grandmother was jewish and i know from her memories exactly how it all began.

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Quoting lemercenaire

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{quote} I have a Czech friend who is moving back home to escape from the encroaching and all smothering Marxism he sees appearing throughout the West now. He and his family saw enough of that and suffered under it for too long in the past. Whoever would have seen that coming?

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Quoting lddd

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{quote} Thank you Claudia. It's a very good answer. So as i understand your 'main' trading is a little more 'flexible' and not so much systematized in a mechanical way. That is awesome and great if that works for you. I can only envy you for that and to encourage you to keep doing it. There are probably not many who can do that. Do you then have a specific result/monetary oriented goal in mind that you try to hit at the end of x period, like a week, month, quarter, year? Because "fight my way back to profit" sounds to me like there is. And it makes...

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Quoting Stev1929

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{quote} I use an 8 pip SL when i place a trade, when it moves +10 i move SL to B/E, many might say irs waaay too close but it works for me, yes i get a few B/E stop outs per day, rather that than a loss, here's my current position on FTSE taken in the wee small hours this morning, on the break of the open {image}

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Quoting Fagin

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{quote} "No stop loss does not mean no stop loss" Correct.. Show me a single shot trade plan with a fixed stop loss that makes money... all these systems on Forex Factory, where is it?

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