i used to be a no stop loss champion, and thankfully i never blew up, i got my way out of messes however as a man i must admit i was wrong.
here is my reasoning for it which i posted in TAF thread and i got banned
in my testing i am putting my money management ideas through the worst possible conditions to see if they hold up.
i am using random chart generators, to test our money management and i have found more often than not that averaging down exponentially increases our risk exposure and it is actually statistically proven to blow accounts...
you would no-longer be trading fti's methods and would actually be shifting to a new perspective and trading strategy. you would be outcast if you did this and let your 'friends' know this, and fti himself would surely banish you. so, if you want to stay in his good books then i would suggest you keep risking your whole account as you currently do. risk versus reward... risk your account for perceived friendship, that is.
have you noticed that any criticism is pushed aside? have you noticed that there is no discussion or debate, it is all just one man's dogma? have you noticed that no one dares speak out of tune and follows along with whatever the leader speaks about, and everything else is prohibited?
in fact you yourself posted how unbecoming it was of the members in that thread to behave the way they did for page after page of putrid nonsense. it just shows how full of rubbish they are and all of their elitist posturing is simply lies, that is, lies to themselves. it was them breaking simple rules and it was so beautifully revealing of the TRUE character of those there, and you witnessed it with your own eyes and i'm glad FOR you that you did and had more sense of self and dignity to be the beacon of reason amongst their pure idiocy....
it seems no one can have an opinion of their own. we are all sheep to the shepherd (or wolf)?
and did you notice how as soon as you brought-up the subject of how you use ATR to frame your perception of the market you were immediately shut-down??? don't you realize you are NOT allowed to speak in concrete terms in that thread? it all has to be ambiguous and therefore unable to be debated. have you noticed how virtually no one makes any real talk about how they actually trade? do you think that maybe it is an unspoken rule that you simply don't speak out of turn if you want to remain friends with the trading-god and continue to...
notice how anytime someone in the past has asked in your favorite thread a direct question they get shunned (being too 'rigid' is the classic mantra spewed by default
anyways. these things happen. you and aaron are clever little critters and will surely find the mix of tech + outside information to come to a profit, instead of being under the thumb of muppets.
fact is, time after time people reveal that they, in fact, are not trading how fti 'taught' them to. they run their own spin on things and do shit their way. they just keep it tight-lipped so as not to suffer the wrath of the self-appointed god (i could troll his posts to dig out where he does in fact compare himself to god, but anyone with interest can go looking for that post themselves if they are so inclined since it wasn't that long ago and won't take them long).
more food for thought. have a look at fana's explorer. i've said it all before, but that right there says it all for me. 'nuf said. you are better-off now than you were a week ago.
Congratulations ScalaFX for coming out of the closet!
, I shared the strategy here in FF, but it's pretty risky... and of course was not the same version of the strategy. I think the good trader has many strategies, and has to work with conservative, and non conservative strategies, and multiple accounts... and don't forget to withdraw the profits. Of course you have to have some luck, but it's true about everything. The withdraw is very important. (more with a no loss strategy)
