Disliked@dadas
I seriously do mean no disrespect here, and I really do mean that! But every word you have written clearly reads as a copy and paste from an eBook. I don't know if you are so happy to have read one, or are looking to sell one.
My point is that everyone has read this stuff. The same old rote learned nonsense.
I routinely begin my trading week at 250 lots with $100,000. One or two times per week I hit my chosen limit of 500 lots trading capacity ($200,000) and so I withdraw from my account whatever funds of profit I need to take me back...Ignored
You know, it always makes me wonder, how do people jump to such sudden conclusions
having read just 1 post? This has not been the first time.
Another thing which makes me wonder, I wrote a similar post in another forum,
where I wrote that SL is just that, Loss management and that is what people
end up doing, managing their loss.
You know what happened?
I got ridiculed, laughed at, told to start learning, pitied, and so on.
No, I am not selling any eBooks.
No, I am not quoting any, I write my posts as I write, in real time.
I always write all my posts like that.
Yes, the text you critisise is a basic thing, and I was really supprised,
reading this thread, that the OP was discussing such a topic.
It made me wonder how is it possible that this person might not realize the
simplest of the simple. That is why I posted.
I am glad to hear that you are able to manage your account and
play the hedge without SL. I know how this works.
I realize that it is possible, I was trying this out on demos.
It did not work for me. Maybe today it would, but I do not plan to test it.
I once lost all of my hard earned profit at Forex, because I was not using SL.
I was building the profit for quite a long time, and then the crisis came, price refused to go back.
I was smart enough to save my capital, at least.
I know one trader who trades in your fashion, hedges and never closes a losing trade.
He has been stuck on one trade for over to years, now. Hedged all the time.
That is not my style. I prefer to spend as much time as neccessary developing a system
which allows me to take consistent Profit over Loss. I have developed such a system.
I have realized the workings of the market.
This system allows me to hedge if I need to in a safe way.
Most of the time, it does not require hedging.
I know people, who work with very tight SLs, which seldom get triggered.
Your system is fine, because it works for you.
Wish You doubling, tripling and quadripling your accounts!
Trade the facts, not opinions.