2nd trade
Stop to BE
Stopped out BE
Stop to BE
Stopped out BE
Intraday price action trend trading
- #6,562
- Mar 8, 2011 3:28am Mar 8, 2011 3:28am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #6,563
- Mar 8, 2011 11:07pm Mar 8, 2011 11:07pm
Hi guys!!
haven't posted here as i was in vacation for last 3 weeks
so i will continue to post my trades here shortly.
i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have at least 100-200 k$ of deposit to survive deep drawdowns... he uses averaging as well,so if
he has the loosing trade he adds to it and then closes the part of loosing trade and the equal ammount of winning trade he added before..so he reduces the ammount of his loosing trade such a way.... everybody knows it's so called averaging and everybody read from books and was told by other traders that "never add to loosing trade under any conditions".
the trader i met doesn't use stoplosses and averages his trades...but he's successfull... is it just the exception and sooner or later he will lose or it's his personal way of successfull trading??
any opinions are welcome
haven't posted here as i was in vacation for last 3 weeks
so i will continue to post my trades here shortly.i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have at least 100-200 k$ of deposit to survive deep drawdowns... he uses averaging as well,so if
he has the loosing trade he adds to it and then closes the part of loosing trade and the equal ammount of winning trade he added before..so he reduces the ammount of his loosing trade such a way.... everybody knows it's so called averaging and everybody read from books and was told by other traders that "never add to loosing trade under any conditions".
the trader i met doesn't use stoplosses and averages his trades...but he's successfull... is it just the exception and sooner or later he will lose or it's his personal way of successfull trading??
any opinions are welcome
- #6,564
- Mar 8, 2011 11:47pm Mar 8, 2011 11:47pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
I have not got such a huge trading capital so I would never go for this way.
I would rather protect my capital 1st before thinking of equity growth
I would rather protect my capital 1st before thinking of equity growth
Hi guys!!
haven't posted here as i was in vacation for last 3 weeks
i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have...
- #6,567
- Mar 9, 2011 12:13am Mar 9, 2011 12:13am
- | Joined Mar 2010 | Status: Learning to set traps | 123 Posts
Hi guys!!
haven't posted here as i was in vacation for last 3 weeks
i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have...
- #6,569
- Mar 9, 2011 3:18am Mar 9, 2011 3:18am
thanx guys for your thoughts!!
i think also the risk IS first and no averagings.. that was the only real trader i met offline .. and his experience is important for me..he shared it with me... but that HUGE depo he uses is unreal for me that's not my way
as for fundamental analysis in currencies and stocks trading he uses it only for swing trading (long term)...
i think also the risk IS first and no averagings.. that was the only real trader i met offline .. and his experience is important for me..he shared it with me... but that HUGE depo he uses is unreal for me
that's not my way as for fundamental analysis in currencies and stocks trading he uses it only for swing trading (long term)...
Hi guys!!
haven't posted here as i was in vacation for last 3 weeks
i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have...
FX
- #6,576
- Mar 10, 2011 1:38am Mar 10, 2011 1:38am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
Hi guys!!
haven't posted here as i was in vacation for last 3 weeks
i met the man who's trading successfully for 3 years(he trades currencies, metals(cfd) and indexes) and he told me he used 2 strategies - long term (trades held from few days to few weeks based on fundamental analysis) and short term(technical scalping he said)..
and he never uses stoploss orders for his trades as he noticed that stophunters saw all the orders in orderbooks..
he told me if someone wants to trade he must have...
allways remember market has bigger pocket than anyone else....
also remember there is many stratagy out there....some need lots of capital (the way big boys do,i mean banks)....
if bank can lose bilions, 100 k or 200k is nothng for market....
save your self.....remember averaging works till the day market hits hard in our butt...and we do lose a lot i mean what you made ...it will destroy your confdence...you will be really scared to trade again....
allways Risk first.... you cant win a fight(sometime you will) unless you know how to defence.... allways bad time wiill come ... allways prepare for the worst...
have a nice time
Regards
sho
