Stop Loss No More : Double Take Profit | Forex Factory

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Stop Loss No More : Double Take Profit

  • #1
  • First Post: Edited 1:00am Apr 16, 2011 12:27am | Edited 1:00am
Hi. This is not a thread about trading without a stop loss as the title may make it seem. It is about the concept of stop loss from a different perspective than the majority of traders view it. I have noticed that many traders associate stop loss with failure and take profit with success. This is NOT true. Using a stop to prevent a greater loss is always a profit. Therefore, every trade I place has a double take profit (in my mind).

Profit equals net increase in balance, not win/loss ratio.

Good luck.
  • #2
  • Apr 16, 2011 1:13am Apr 16, 2011 1:13am
Quoting 2+2=4ex
Profit equals net increase in balance, not win/loss ratio.
very true
  • #3
  • Apr 16, 2011 1:42am Apr 16, 2011 1:42am
Quoting 2+2=4ex
Hi. This is not a thread about trading without a stop loss as the title may make it seem. It is about the concept of stop loss from a different perspective than the majority of traders view it. I have noticed that many traders associate stop loss with failure and take profit with success. This is NOT true. Using a stop to prevent a greater loss is always a profit. Therefore, every trade I place has a double take profit (in my mind).

Profit equals net increase in balance, not win/loss ratio.

Good luck.
my view is that it's not a loss if you are still up overall. people are always going on about strictly setting the loss 20 t/p 10 s/l having the stop loss alot smaller than the take profit. i honestly dont think that this is the only way to win.
il give you an example.

you risk 100 dollars with the 75% chance to win the initial value + $50 and you have 25% chance to lose $100 dollars.. so basically a risk like 50 profit 100 stop loss.. do you win?

of course you do.. sorry if this is irrelevant this is just my view on stop loss, as long as it doesn't turn negative in the long run then it's all good
  • #4
  • Apr 16, 2011 1:49am Apr 16, 2011 1:49am
Quoting ishii1
my view is that it's not a loss if you are still up overall. people are always going on about strictly setting the loss 20 t/p 10 s/l having the stop loss alot smaller than the take profit. i honestly dont think that this is the only way to win.
il give you an example.

you risk 100 dollars with the 75% chance to win the initial value + $50 and you have 25% chance to lose $100 dollars.. so basically a risk like 50 profit 100 stop loss.. do you win?

of course you do.. sorry if this is irrelevant this is just my view on stop loss, as long as it doesn't...
agreed, one just has to be able to uphold such a high win-rate over the long-term. Not an easy thing to do.
  • #5
  • Apr 16, 2011 1:55am Apr 16, 2011 1:55am
Quoting 2+2=4ex
Hi. This is not a thread about trading without a stop loss as the title may make it seem. It is about the concept of stop loss from a different perspective than the majority of traders view it. I have noticed that many traders associate stop loss with failure and take profit with success. This is NOT true. Using a stop to prevent a greater loss is always a profit. Therefore, every trade I place has a double take profit (in my mind).

Profit equals net increase in balance, not win/loss ratio.

Good luck.
Good post!

Dollars saved by exiting losses early have the same effect on eventual bottom line as dollars won on other trades.

It's risk adjusted return that's the key to success, not win rate.
  • #6
  • Last Post: Jan 15, 2015 4:41am Jan 15, 2015 4:41am
Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol .it would be a lesson well learnt
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