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Trading Without a StopLoss

  • #561
  • Nov 14, 2013 9:41pm Nov 14, 2013 9:41pm
Quoting Samer1970
balance {image} {image}
So... for the last month you've let your account equity drop like a rock, and now an hour after hiding your account you've now, in those 60'ish minutes, managed to turn your whole account around?

YOU ARE SOME KIND OF MAGICIAN!
Congratulations ScalaFX for coming out of the closet!
  • #562
  • Nov 14, 2013 9:42pm Nov 14, 2013 9:42pm
Quoting Samer1970
CLOSED TRADES WITH A PROFIT OF 20 USD.. IF I USE STOP LOSS, I WOULD CLOSE THEM WITH A LOSS F 120 USD, BUT SSII RULES ARE STILL VALID AND CORRECT FOR THIS PAIR ENJOY OR ENVOY ---- IT DOES NOT MATTER, I GOT IN MY ACCOUNT PIPS AND MONEY PARTY {image}

I'm not going to get into this too much, but I'd advise anyone reading what this guy is advocating to treat it as complete rubbish and it WILL empty your account sooner or later.

Selling into such a strong uptrend without a SL is complete stupidity. Even if you fancy your chances at such a move, a properly placed SL would not have been hit, but even so, a 3:1 risk/reward is utter stupidity.

If you have a very large account and you trade for pennies, you could get away with this....err.....method for quite some time, but make no mistake, this is NOT trading. It is like flipping coins....in fact it's worse.....it's like cutting a deck of cards searching for one particular card.

Before he removed his account details you would have seen a huge string of 'trades' in varying amounts of loss....having that many trades under water, using up margin and equity for a couple of bucks return is again....stupidity.

If this guy wants to gamble his account with huge drawdown to gain pennies, let him......but don't follow him.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #563
  • Nov 14, 2013 9:43pm Nov 14, 2013 9:43pm
Quoting vox dei
{quote} here's a better screenshot: {image}
can you show us your account equity, please.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #564
  • Nov 14, 2013 9:45pm Nov 14, 2013 9:45pm
Quoting Samer1970
{quote} why not, i will add t to my system then i will gain more profit, can you please give me the holy grail.. Please please please and before i use it in real account, can you post please your statement here please showing the trillions you have done with your h.g. Please sir,
Sure,

I present you the HOLY GRAIL,

HOLY GRAIL = Losers think about winning, winners think about not losing

Enjoy your newfound success
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #565
  • Nov 14, 2013 9:46pm Nov 14, 2013 9:46pm
Quoting realjumper
{quote} I'm not going to get into this too much, but I'd advise anyone reading what this guy is advocating to treat it as complete rubbish and it WILL empty your account sooner or later. Selling into such a strong uptrend without a SL is complete stupidity. Even if you fancy your chances at such a move, a properly placed SL would not have been hit, but even so, a 3:1 risk/reward is utter stupidity. If you have a very large account and you trade for pennies, you could get away with this....err.....method for quite some time, but make no mistake,...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #566
  • Nov 14, 2013 9:49pm Nov 14, 2013 9:49pm
Quoting Samer1970
{quote} can you show us your account equity, please.
Sure, have already done that here: http://www.forexfactory.com/showthre...79#post7087579
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #567
  • Nov 14, 2013 9:50pm Nov 14, 2013 9:50pm
Quoting vox dei
{quote} sure, i present you the holy grail, holy grail = losers think about winning, winners think about not losing enjoy your newfound success
very nice words, i will keep them in under my pillow, each night i will read them beside the holy book readings each night..

thank you teacher very much

i know now why there are so many great traders in this world ... They are following your words , i will follow your words...

but even though

i do not use stop loss at all
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #568
  • Nov 14, 2013 9:51pm Nov 14, 2013 9:51pm
Forgive me because I am really tired right now after a long night / day / whatever the hell just passed... but if the 'equity' line is now supposedly at the 'breakeven level' as per the supplied (undoctored) image, then how is it that the account went from -11, to -8, and now +20'ish?

Breakeven = +20?

Hey, I could be forgetting something here and I'll cop that if it's the case. The TE's can be a fickle beast, I know. So, who's up for explaining that to me?

I can't bear the thought of thinking that Samer maybe isn't a magician after all.
Congratulations ScalaFX for coming out of the closet!
  • #569
  • Nov 14, 2013 9:51pm Nov 14, 2013 9:51pm
AND GOOD NIGHT, I AM GOING TO READ YOUR WORDS HOLY GRAIL 100 TIMES BEFORE I SLEEP

GOOOODDDD NIGHT.

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about winning, winners think about not losing Losers think about winning, winners think about not losing
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #570
  • Nov 14, 2013 9:57pm Nov 14, 2013 9:57pm
Quoting Samer1970
AND GOOD NIGHT, I AM GOING TO READ YOUR WORDS HOLY GRAIL 100 TIMES BEFORE I SLEEP GOOOODDDD NIGHT. Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think about not losing Losers think about winning, winners think...
I understand that you are used to pray, but the HOLY GRAIL I just gave you is not a prayer, it's something you should meditate upon.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #571
  • Nov 14, 2013 10:12pm Nov 14, 2013 10:12pm
Trading without a disaster stop is just asking for trouble ... it's the stop that just shouldn't get hit, unless you were half asleep while looking at charts: here is some example on my most recent trade http://localsfoolsgold.blogspot.be/2...tom-looks.html and how I threat it with a disaster stop http://localsfoolsgold.blogspot.be/2...ity-based.html
  • #572
  • Nov 15, 2013 12:25am Nov 15, 2013 12:25am
Quoting Samer1970
{quote} WHY ??? WHAT DID I DO WRONG FOR YOU ? TO CALL ME rogue!! {image}
I was thinking of #2, the playful mischievous part...
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #573
  • Nov 15, 2013 12:28am Nov 15, 2013 12:28am
Quoting realjumper
{quote} I'm not going to get into this too much, but I'd advise anyone reading what this guy is advocating to treat it as complete rubbish and it WILL empty your account sooner or later. Selling into such a strong uptrend without a SL is complete stupidity. Even if you fancy your chances at such a move, a properly placed SL would not have been hit, but even so, a 3:1 risk/reward is utter stupidity. If you have a very large account and you trade for pennies, you could get away with this....err.....method for quite some time, but make no mistake,...
  • #574
  • Nov 15, 2013 12:43am Nov 15, 2013 12:43am
Hey.... Samer1970 put me on his ignore list.
Now I can't even PM him an apology for...... oh what the heck.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #575
  • Nov 15, 2013 1:01am Nov 15, 2013 1:01am
Quoting BeginnerJoe
{quote} My guess is you were like a little frog blinded by a bright light and unable to react when you realised you got-in in the wrong direction. What you could have done is traded the other direction as soon as it became apparent. That way you could keep the trade in the wrong direction and continue to make profit in the right direction. As the market goes in cycles, the right direction would eventually became the wrong direction and your incorrect trade would have become profitable. Trading successfully has a lot to do with managing what has...
When I had my Dukascopy account I might have, and did on occassion, open a position in the opposite direction.
Now that I am using the UK arm of an American broker I cannot do that, hence the need to either cut positions or wait-out the move or hedge.
I was going to LMAX but I cannot have opposing positions open on their platform, so maybe it will be back to Dk - not decided yet.

I am not a novice trader. I learned a lot this year. Thanks for the reply.
I am out of this thread now, too much mud flying around.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #576
  • Nov 15, 2013 1:22am Nov 15, 2013 1:22am
'hedging' is just a surrealistic game play you play with your own mind ... I'm sorry to say so but it clearly shows you are a novice ... you should just cut positions when they go against you ... it's exactly the same thing ...
  • #577
  • Nov 15, 2013 3:14am Nov 15, 2013 3:14am
Quoting Samer1970
{quote} hi your you're feeling is totally wrong, i am not trying to sell any thing here and i am not a guru at all i am simply a trader trying to learn from my mistakes and yours and trying to pass the real simple method i have earned by the hard way in simple way to you to stop bleeding, and i do care about you ,,, believe it or not , this is up to you then, yes , when my ssii of 0.01 lot is making profit as per my rules, directly i begin closing the trades manually very fast and i make one ot two 0.2 or 0.3 lots and i wait for few pips and i close...

But you say your not a scalper, then you admit to taking trades for a few pips, which is scalping.

So this is seperate to your longer term trading ??

Don't get me wrong, I'm fine with no SL trading if your long ish term, but as a scalper it's just plain madness.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #578
  • Nov 15, 2013 3:21am Nov 15, 2013 3:21am
You'd better use stop loss.You'd better use stop loss.You'd better use stop loss.You'd better use stop loss.You'd better use stop loss.

-argument by repetition is not valid.

May I point out that , if your principle is going up, and you keep away from margin call, sooner or later your equity will go up as well?

Or that every time your principle goes down, you have to make up that loss before you can show any profit, and that the only way to do that is to take on new risk?


The key is staying away from margin call and there are many ways to do that.

I should tell you the story about how the Saudi Prince got himself a gaming house in Monaco for Free.

Maybe later...
  • #579
  • Nov 15, 2013 3:40am Nov 15, 2013 3:40am
Quoting Rap Skallion
You'd better use stop loss.You'd better use stop loss.You'd better use stop loss.You'd better use stop loss.You'd better use stop loss. -argument by repetition is not valid. May I point out that , if your principle is going up, and you keep away from margin call, sooner or later your equity will go up as well? Or that every time your principle goes down, you have to make up that loss before you can show any profit, and that the only way to do that is to take on new risk? The key is staying away from margin call and there are many ways to do that....
there is something called multi pair hedging
+
follow the smaller trend to accumalate profits equal to floating losses

these principles only bankers are using in stocks
add 0.01 to 0.05 lt +
top daily or bottom daily
+
40% of your original account safety +
no indi
+
trust in god

then you will not get margin call
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #580
  • Nov 15, 2013 3:41am Nov 15, 2013 3:41am
+
+ve swap
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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