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Real Fx traders do not use stoploss

  • #261
  • Nov 18, 2012 6:33pm Nov 18, 2012 6:33pm
Quoting AmberLynn
Well then for that matter, why even place an arbitrage wager if you can predict the outcome correctly? He who places the arbitrage wager does so based on the increase odds of "As each order is triggered, then your chances of closing the position in profit is also increased" That isn't the same as saying "I WILL PLACE THIS TRADE AND THERE IS NO CHANCE OF ME LOSING ON IT" Yet he uses .01% equity on 10:1 leverage can rest assure he/she will NEVER margin call. Yet that doesn't make his/her wager an arbitrage.
i will give you another example of arbitrage

i take out a loan from a family member for 100,000 and invest in on a CD account yielding 1% annual interest
my family member does not charge me interest

that is arbitrage......my profit is the 1% interest risk free
AVT INVENIAM VIAM AVT FACIAM
  • #262
  • Nov 18, 2012 7:04pm Nov 18, 2012 7:04pm
Quoting the redlion
i will give you another example of arbitrage

i take out a loan from a family member for 100,000 and invest in on a CD account yielding 1% annual interest
my family member does not charge me interest

that is arbitrage......my profit is the 1% interest risk free
Yet in the real world that does not exsist. If we become a bit rational then you would believe in the following definition. "In principle and in academic use, an arbitrage is risk-free; in common use, as in statistical arbitrage, it may refer to expected profit, though losses may occur, and in practice, there are always risks in arbitrage, some minor (such as fluctuation of prices decreasing profit margins), some major (such as devaluation of a currency or derivative). In academic use, an arbitrage involves taking advantage of differences in price of a single asset or identical cash-flows; in common use, it is also used to refer to differences between similar assets (relative value or convergence trades), as in merger arbitrage.

Redlion I understand your example 100%. Yet we seem to only pinpoint certain words, and create a reality based on that word. Many people see the phrase "RISK - FREE" Yet the second you enter a trade, your EXPOSED to the market. Based on the spread which you pay for the transaction. Even when you HEDGE your exposed to the market. What one considers ARBITRAGE wagering in forex is based on the first wager which was place.

Say you have 8 pivots in a day. In which at the time before the market starts to shift (7gmt) your at the main pivot. You can almost BET THE FARM, that some point during the day the price will RETRACE off the last pivot in which it ran to. Now being we have no 100% idea which pivot that would be. You would then set pending orders at every pivot for a reversal. That form of trading is what is referred to as Arbitrage in forex.

So as every failed order is activated, your chances of CORRECTLY wagering on the retrace begins to increase with every failed order activated.
  • #263
  • Edited 11:20pm Nov 18, 2012 9:14pm | Edited 11:20pm
i have opened a new trade. you might notice that i am not talking about arbitrage theory... i have opened an arbitrage trade. i am not telliing you who is right about arbitrage and who is wrong about arbitrage. i have opened a new arbitrage trade. i am not talking about soccer arbitrage and other types of fairy tale sports betting arbitrage and other pie in the sky daydreams.. . i have opened a new arbitrage trade.... a live account arbitrage on a live currency trade... an arbitrage focused currency trade... i am not talking arbitrage theory. i am trading live money using a form of arbitrage.

the point that i am making is that while the others are talking arbitrage, i am trading live funds using an in house and quite coveted arbitrage trading method...

kindly continue to talk about arbitrage while i trade arbitrage on a live account.

i dont mind..

my trading journal will speak for itself.

http://www.forexfactory.com/showthread.php?t=394265

good trading to you all.

god loves me.
testing 1,2,3...
  • #264
  • Nov 19, 2012 4:32am Nov 19, 2012 4:32am
Quoting silverstar4x
i have opened a new trade. you might notice that i am not talking about arbitrage theory... i have opened an arbitrage trade. i am not telliing you who is right about arbitrage and who is wrong about arbitrage. i have opened a new arbitrage trade. i am not talking about soccer arbitrage and other types of fairy tale sports betting arbitrage and other pie in the sky daydreams.. . i have opened a new arbitrage trade.... a live account arbitrage on a live currency trade... an arbitrage focused currency trade... i am not talking arbitrage theory. i...
What you refer to as Arbitrage is more like Garbage. I have followed the link you posted on the other thread. Would you please care to explain "WHY YOU ARE IN RED" after opening that position? That once again is not an arbitrage position.
  • #265
  • Nov 19, 2012 5:00am Nov 19, 2012 5:00am
Quoting AmberLynn
What you refer to as Arbitrage is more like Garbage. I have followed the link you posted on the other thread. Would you please care to explain "WHY YOU ARE IN RED" after opening that position? That once again is not an arbitrage position.
what?
testing 1,2,3...
  • #266
  • Nov 19, 2012 8:16am Nov 19, 2012 8:16am
Quoting silverstar4x
what?
If your using this arbitrage system. Would you please be as kind enough to let us know why is it you were losing margin on those opened positions.
  • #267
  • Nov 19, 2012 11:15am Nov 19, 2012 11:15am
Quoting AmberLynn
If your using this arbitrage system. Would you please be as kind enough to let us know why is it you were losing margin on those opened positions.
amberlynn,

that is so funny! but i dont get it! where did i lose any margin?

testing 1,2,3...
  • #268
  • Nov 19, 2012 11:25am Nov 19, 2012 11:25am
Quoting silverstar4x
i have been working as a trader for two months. thank you for asking. are you an experienced trader? i hope so, because i need a lot of help with my trading tickets.. thank you.

my current position is as follows:

http://i50.tinypic.com/oixpv.gif
don't know, or care, about margin... but that profit/loss of NEGATIVE 5.95 is pretty interesting.

you talk of arbitrage this arbitrage that... and yet you have said nothing about your supposed arbitrage and post pics of positions that are overall in loss.

i'm not sure that arbitrage is what you think it is. if anything you just seem to be posting for the sake of posting.
Congratulations ScalaFX for coming out of the closet!
  • #269
  • Nov 19, 2012 11:44am Nov 19, 2012 11:44am
Quoting nubcake
if anything you just seem to be posting for the sake of posting.
please feel free to watch my work, if you like.

would you mind giving to me a voucher?
testing 1,2,3...
  • #270
  • Nov 19, 2012 11:57am Nov 19, 2012 11:57am
i just had an idea, amber, and that is that if i could somehow get a version/copy of this computer program that i have and then you could take a look at it for yourself..

it is no skin off of my nose if i just let you take a look at it.

testing 1,2,3...
  • #271
  • Nov 19, 2012 4:30pm Nov 19, 2012 4:30pm
Quoting nubcake
don't know, or care, about margin... but that profit/loss of NEGATIVE 5.95 is pretty interesting.

you talk of arbitrage this arbitrage that... and yet you have said nothing about your supposed arbitrage and post pics of positions that are overall in loss.

i'm not sure that arbitrage is what you think it is. if anything you just seem to be posting for the sake of posting.
That is my point m8. He has an "arbitrage" position, yet he is down 5.95 dollars. If your using arbitrage then he should of never been in the red. Not to mention, he is using TWO different pairs in order to preform his "arbitrage" trading. That by far is beyond reckless. Trading two different currency pairs will only INCREASE your exposure to the market.
  • #272
  • Nov 19, 2012 6:18pm Nov 19, 2012 6:18pm
Quoting silverstar4x
you might notice that i am not talking about arbitrage theory... i have opened an arbitrage trade. i am not telliing you who is right about arbitrage and who is wrong about arbitrage. ..... i am not talking about soccer arbitrage and other types of fairy tale sports betting arbitrage and other pie in the sky daydreams.. . i have opened a new arbitrage trade.... a live account arbitrage on a live currency trade... an arbitrage focused currency trade... i am not talking arbitrage theory. i am trading live money using a form of arbitrage.
I don't know why I bother.
  • #273
  • Nov 19, 2012 7:11pm Nov 19, 2012 7:11pm
Quoting hanover
I don't know why I bother.
for what is worth I enjoy your views ....and learn a thing or two from you from time to time.....so your words are not entirely unappreciated
AVT INVENIAM VIAM AVT FACIAM
  • #274
  • Nov 20, 2012 1:52am Nov 20, 2012 1:52am
Quoting AmberLynn
That is my point m8. He has an "arbitrage" position, yet he is down 5.95 dollars. If your using arbitrage then he should of never been in the red. Not to mention, he is using TWO different pairs in order to preform his "arbitrage" trading. That by far is beyond reckless. Trading two different currency pairs will only INCREASE your exposure to the market.
amber,

arbitrage does not in any way mean that you will not exerience any drawdown, in fact isnt it pretty much impossible to place any trade and not draw down at least a little bit? thank you.

arbitrage, as i understand things, is a word that implies that i am involved in an investment that is a "sure deal" in the sense that i am mathematically confident that a profit will be achieved and will be achieved without my needing to endure any amount of drawdown that might be considered to be unmanageable or otherwise is beyond my control...

unlike amber, i am not sitting over here having a tantrum because i am drawn down by 1.5%..

so, please amber, give it a rest already..

drawdown will always be experienced in an arbitrage position or any other position, if for no other reason that due to the fact that we must pay an initial spread cost.

arbitrage can be executed with many different combinations of instruments, including two pairs as i am using now.

am i here to teach arbitrage to you? the answer, dear, without hesitation, is no.

i am here to win.

arbitrage means that i have a specific expectation to win.

arbitrage means that i will waltz thru a transaction without so much as receiving a scratch on my bottom line and that i will achieve a profit.

a proper analysis of an arbitrage based transaction is best conducted after the position has ran it's course.

btw, i am now drawn down by -7.52 and i expect to see a sizable amount more of drawdown..

when i close this position, i want for you to be aware that while i am trading arbitrage that you and your little friends are busy talking about trading.

good day.
testing 1,2,3...
  • #275
  • Edited 2:14am Nov 20, 2012 2:01am | Edited 2:14am
Quoting silverstar4x
amber,

arbitrage does not in any way mean that you will not exerience any drawdown, in fact isnt it pretty much impossible to place any trade and not draw down at least a little bit? thank you.

arbitrage, as i understand things, is a word that implies that i am involved in an investment that is a "sure deal" in the sense that i am mathematically confident that a profit will be achieved and will be achieved without my needing to endure any amount of drawdown that might be considered to be unmanageable or otherwise is beyond my control......
just as i said. i don't think arbitrage is what you think it is.

i suspect there are a lot of things that aren't what you think it is. sad. just so you know, basically your entire post is incorrect at every point that you attempt to make. epic... fail.

and 1.5% drawdown on 5 bux? BIG ROLLER! so, while you posture about being in a 'live' trade, as though that means anything, we sit here rolling our eyes asking ourselves "when will they learn". it's like talking to nbob all over again.

go away, do a LOT of reading and studying. LEARN. then come back educated. you aren't in a position to talk about anything right now and have embarrassed yourself with every post you have made to this date. you can take this as truly great advice, or just ignore it and keep on keeping on. good luck.

can we just let this thread drift away? any chance? how long until we start hearing about 'crims' again? we all know it's coming...
Congratulations ScalaFX for coming out of the closet!
  • #276
  • Edited 3:13am Nov 20, 2012 2:39am | Edited 3:13am
Quoting nubcake
just as i said. i don't think arbitrage is what you think it is.

i suspect there are a lot of things that aren't what you think it is. sad. just so you know, basically your entire post is incorrect at every point that you attempt to make. epic... fail.

and 1.5% drawdown on 5 bux? BIG ROLLER! so, while you posture about being in a 'live' trade, as though that means anything, we sit here rolling our eyes asking ourselves "when will they learn". it's like talking to nbob all over again.

go away, do a LOT of reading and studying. LEARN. then...
my arbitrage trading journal is online:

http://www.forexfactory.com/showthread.php?t=394265

Inserted Video
testing 1,2,3...
  • #277
  • Nov 20, 2012 10:55am Nov 20, 2012 10:55am
The Pro Traders that I know personally do use stoploss. I think itīs very risky without stoploss
  • #278
  • Nov 20, 2012 11:41am Nov 20, 2012 11:41am
Not having a stop loss is a DISASTER for beginners in my opinion! Why? Because it makes it too easy for them to buy into "hopium" of trades turning around once they're against them. It leads undisciplined traders (which most new traders seem to be...I was too!) to always think "mhhhhhh, it might still turn around, I'll give it another 10pips...an then another 10pips....and then another 10pips".
  • #279
  • Nov 20, 2012 1:42pm Nov 20, 2012 1:42pm
Quoting 4exNinja
Not having a stop loss is a DISASTER for beginners in my opinion! Why? Because it makes it too easy for them to buy into "hopium" of trades turning around once they're against them. It leads undisciplined traders (which most new traders seem to be...I was too!) to always think "mhhhhhh, it might still turn around, I'll give it another 10pips...an then another 10pips....and then another 10pips".
I'm also done with that

killer pips
  • #280
  • Nov 21, 2012 1:12am Nov 21, 2012 1:12am
If you do not use stop loss then you have to waste your time on watching the price movement but if you use SL and TP then you can close your terminal and free yourself from psychological problems like greed, if your strategy is correct then the price will do the job for you.
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