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Trading Without a StopLoss

  • #121
  • Apr 17, 2013 11:24am Apr 17, 2013 11:24am
Quoting billytt
of course you did, my apologies sir
Haaaaaaaa, why apologies? I didn't pick any offense Please.
  • #122
  • Apr 17, 2013 11:42am Apr 17, 2013 11:42am
i just get uptight when i hear about no stop loss lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #123
  • Apr 18, 2013 2:07pm Apr 18, 2013 2:07pm
Quoting dare123
My EUR/NZD is positive now on rotational hedging. We need more strategies and money management strategies on how to trade without stoploss. Please Suggestion are wellcomed.
If you want to trade profitably without a stoploss then I would suggest learning how to manage a portfolio. This is nearly impossible to do with short term trading, so it will require a rethink towards investing rather than trading.

When managing a portfolio, instead of using a stoploss, you rebalance the portfolio on a regular basis.

Good luck.
-Razorjack
  • #124
  • Apr 19, 2013 3:03am Apr 19, 2013 3:03am
Quoting Razorjack
If you want to trade profitably without a stoploss then I would suggest learning how to manage a portfolio. This is nearly impossible to do with short term trading, so it will require a rethink towards investing rather than trading. When managing a portfolio, instead of using a stoploss, you rebalance the portfolio on a regular basis. Good luck.
Good-day Razorjack, Thanks for your enlightenment. I love learning new things. Kindly share with us further on how to rebalance the portfolio on regular basis.
  • #125
  • Apr 19, 2013 5:32am Apr 19, 2013 5:32am
Quoting dare123
Good-day Razorjack, Thanks for your enlightenment. I love learning new things. Kindly share with us further on how to rebalance the portfolio on regular basis.
I'm afraid it's about more than just rebalancing a portfolio, you have to do all the things needed to build a balanced portfolio first. This is basically how money managers and hedge fund managers invest.

This is also radically different from what most traders here are doing and will require a huge mental shift in thinking about markets and investing.

It's far too complex and would take way more time than I have to explain how it all works. I would suggest doing research and reading books about portfolio management strategies and hedge fund management.
-Razorjack
  • #126
  • Apr 19, 2013 7:11am Apr 19, 2013 7:11am
The basic appeal of trading without a stop loss is that you don't ever have to close a trade at a loss. If you trade with a balance to bid ratio small enough you can carry a trade for months until it comes back into profit. my longest has been 10 months. (you can, if you wish, close a loss at tax time and have Uncle Sam help you pay for it). In order for this to work though, you have to find a pair with an identifiable long term (think months and years)trend and go with that trend. (or use some form of rotational hedge).

My trading is based upon these beliefs: The commodity currencies will tend to do well. Canada and Australia have stuff to sell they dig out of the dirt. There are more and more people born into this world wanting stuff made from the stuff you dig out of the dirt. That stuff is getting harder and harder to get, and the price will keep going up, in the (very, very) long run. As long as boys and girls keep liking each other( and the world doesn't collapse) this will hold true.

Europe is a net importer of the stuff you dig up out of the dirt. (so is Japan, but, well I don't choose to pay attention to them. Perhaps my mistake. may change my mind).

America is neutral. It has most of this stuff and also makes stuff out of it.

So, in the long term I sell the Euro -Dollar pair, buy the Aussie-Dollar pair, And sell the Dollar-Loonie pair. When they are not in profit, I wait. When they are , I collect. So long as I do not get too greedy and everything does not go south, I will do okay. It's a matter of keeping your balance. Do not play with money you can't afford to lose, etc. etc..

As far as all the theories, I go by this:
No matter how sound your premises and how rigorous your arguments, sooner or later they will lead you to a conclusion that is not the case.
A corollary to this axiom is this:
The only way to know you are right is to check.

This axiom and corollary pretty much eat up any others that are out there.

This position holds universally true, since it's failures only prove its veracity,.

I have come to believe that if you cannot trade comfortably without a stop loss, your position is too large.

you can believe otherwise, and even make money doing otherwise, good for you.
  • #127
  • Apr 22, 2013 10:21am Apr 22, 2013 10:21am
Quoting Rap Skallion
The basic appeal of trading without a stop loss is that you don't ever have to close a trade at a loss. If you trade with a balance to bid ratio small enough you can carry a trade for months until it comes back into profit. my longest has been 10 months. (you can, if you wish, close a loss at tax time and have Uncle Sam help you pay for it). In order for this to work though, you have to find a pair with an identifiable long term (think months and years)trend and go with that trend. (or use some form of rotational hedge). My trading is based upon...
Strategy still winning. Trading confortably and profitably.
  • #128
  • Apr 22, 2013 10:27am Apr 22, 2013 10:27am
Quoting dare123
{quote} Strategy still winning. Trading confortably and profitably.
All Without Stoploss.
  • #129
  • Apr 23, 2013 5:12am Apr 23, 2013 5:12am
Quoting dare123
{quote} All Without Stoploss.
There is no risk attached when doing rotational hedging with position hedging of your portfolio. I am currently on profit on all my trades without fear of looses.
  • #130
  • Apr 23, 2013 10:37am Apr 23, 2013 10:37am
Consider this relationship:

1.IF europe is doing well, it will buy from China, who will in turn Buy from Australia so when the Euro goes

up, the Aussie will tend to go up, and vice versa. So a pretty good cross currencies hedge can be had by

buying the Aussie and selling the Euro.

Generally when one of these trades moves away from profit, the other

moves toward profit.
(when you don't use stoplosses, you can wait on the market swings, collecting off one pair

when the market goes that way, and the other when it goes the other way (And having the carry on the Aussie help

you out as well).
Pretty much wherever the market is now, it has been there before, and will be again.
(Watch for the situation that is otherwise).

Now, If the US news is good the USD/CAD pair will tend to go down. We will buy more from Canada, you see, and

are much bigger than they, so good news for us is even better for them.

Check the charts on all the time frames and note how often they are similar between the Dollar- Euro, Loonie,
and Aussie.

Not just thinking this way. I will run like this for the rest of the year and show you how I do.

So Far pretty good. Let time do the telling.
Your method of hedging is complicated, but interesting. I think we are on similar pages if not the same.
  • #131
  • Apr 24, 2013 1:45am Apr 24, 2013 1:45am
Quoting Rap Skallion
Consider this relationship: 1.IF europe is doing well, it will buy from China, who will in turn Buy from Australia so when the Euro goes up, the Aussie will tend to go up, and vice versa. So a pretty good cross currencies hedge can be had by buying the Aussie and selling the Euro. Generally when one of these trades moves away from profit, the other moves toward profit. (when you don't use stoplosses, you can wait on the market swings, collecting off one pair when the market goes that way, and the other when it goes the other way (And having the...
One reality I finally discovered is that forex trading is easy.I enjoy doing it, I only make sure my mathematics is correct.
  • #132
  • Apr 24, 2013 3:28am Apr 24, 2013 3:28am
Quoting Rap Skallion
Consider this relationship: 1.IF europe is doing well, it will buy from China, who will in turn Buy from Australia so when the Euro goes up, the Aussie will tend to go up, and vice versa. So a pretty good cross currencies hedge can be had by buying the Aussie and selling the Euro. Generally when one of these trades moves away from profit, the other moves toward profit. (when you don't use stoplosses, you can wait on the market swings, collecting off one pair when the market goes that way, and the other when it goes the other way (And having the...
Really, I dont think we are trading the same strategy. Check here for the strategy - http://www.forexfactory.com/showthre...50#post6594550 .
  • #133
  • Apr 24, 2013 3:53am Apr 24, 2013 3:53am
Quoting dare123
{quote} Really, I dont think we are trading the same strategy. Check here for the strategy - http://www.forexfactory.com/showthre...50#post6594550 .
I think your strategy is wrong, like every strategy without s/l. trading without stop loss is like driving without stopping on red lights. sooner or later you will fail. if marigin is your stop it means 50% s/l - after it you need 100% profit to get your money back. 2 looses in a row will wipe down 75% of your account - you need 300% profit to get it back. trading without s/l will work only on currencies where price doesn't move more than 40-50 pips each way, but still risky imo and I know it as I was trading this way - worked for 2 months when I did 800% profit on currencies and did 800% profit on silver within 2 weeks - guess where are those profits now? tip: I don'v have a penny of them.
show me your explorer, I bet you are loosing and mention only about good trades
On my way to financial independence - if others can do it - I can do it
  • #134
  • Apr 24, 2013 3:55am Apr 24, 2013 3:55am
Attached File(s)
File Type: xls Combined Account Statement_04-01-2013_04-24-2013-Rotational hedging.xls   56 KB | 536 downloads
Quoting dare123
{quote} Really, I dont think we are trading the same strategy. Check here for the strategy - http://www.forexfactory.com/showthre...50#post6594550 .
Check out my demo account statement- A profit of 23% in 15 trading days.

If you can do rotational hedging with position hedging to hedge your portfolio you will always enjoy trading. Only ensure your mathematics is right.
  • #135
  • Apr 24, 2013 4:01am Apr 24, 2013 4:01am
I can't see any statements.
besides trading on real account is different, also trading on higher amounts is different - due to mentality.
one more think is that 15 days trading is not enough to say that it works - you need at least few months - especially with so ridiculous strategy.
I bet you're not an experienced trader - experienced traders don't trade this way
On my way to financial independence - if others can do it - I can do it
  • #136
  • Apr 24, 2013 4:06am Apr 24, 2013 4:06am
Quoting Eur Usd
I can't see any statements. besides trading on real account is different, also trading on higher amounts is different - due to mentality. one more think is that 15 days trading is not enough to say that it works - you need at least few months - especially with so ridiculous strategy. I bet you're not an experienced trader - experienced traders don't trade this way
My friend that is your View. I often think the same way. I can teach you how I do it. It is a predictive strategy. You know the worst cast scenerio at every time T. For expirience, hum.... 7yrs expirience is not a Joke!!!
  • #137
  • Apr 24, 2013 4:19am Apr 24, 2013 4:19am
Quoting dare123
{quote} My friend that is your View. I often think the same way. I can teach you how I do it. It is a predictive strategy. You know the worst cast scenerio at every time T. For expirience, hum.... 7yrs expirience is not a Joke!!!
no thank you. my method is good enough and safer
On my way to financial independence - if others can do it - I can do it
  • #138
  • Apr 24, 2013 4:23am Apr 24, 2013 4:23am
Quoting Eur Usd
{quote} no thank you. my method is good enough and safer
Well Friend, I didn't beg you to learn mine. I only observed that you were condeming what you don't understand and know.
  • #139
  • Apr 24, 2013 4:59am Apr 24, 2013 4:59am
  •  denozi
  • | Joined Aug 2012 | Status: trade with Patient & Discipline | 82 Posts
Ahaaa! it's nice thread here, I am a just newbie so i like the contras from both sides. keep on going. thks
I am a new 2 Forex- Your help would be greatly appreciated
  • #140
  • Apr 24, 2013 5:54am Apr 24, 2013 5:54am
Quoting dare123
{quote} My friend that is your View. I often think the same way. I can teach you how I do it. It is a predictive strategy. You know the worst cast scenerio at every time T. For expirience, hum.... 7yrs expirience is not a Joke!!!
7 yrs experience is a joke in this case as you still trade demo and you trade without s/l. sorry but this way you will loose sooner or later and the more you loose the more disapointed you;ll be
On my way to financial independence - if others can do it - I can do it
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