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Trading Without a StopLoss

  • #581
  • Nov 15, 2013 5:42am Nov 15, 2013 5:42am
+ small profits


then you will get SSII
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #582
  • Nov 15, 2013 5:44am Nov 15, 2013 5:44am

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #583
  • Nov 15, 2013 5:47am Nov 15, 2013 5:47am
127 trades open and i have full trust i will not get margin call

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #584
  • Nov 15, 2013 5:49am Nov 15, 2013 5:49am
BEFORE TWO DAYS BACK I SAID U/T AND E/T WILL BOTH GO SOUTH AND THEY DID
IGOT MORE THAN 200 USD PROFIT
+ 55 USD SWAP ADDED

THEN
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #585
  • Nov 15, 2013 5:50am Nov 15, 2013 5:50am
BYE
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #586
  • Nov 15, 2013 5:53am Nov 15, 2013 5:53am
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #587
  • Nov 15, 2013 5:59am Nov 15, 2013 5:59am
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= SSII STRATEGY + I AM
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #588
  • Nov 15, 2013 6:01am Nov 15, 2013 6:01am
HAPPY DAY AND BYE
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #589
  • Nov 15, 2013 6:03am Nov 15, 2013 6:03am
and last but not least
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #590
  • Nov 15, 2013 6:15am Nov 15, 2013 6:15am
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  • #591
  • Nov 15, 2013 7:10am Nov 15, 2013 7:10am
Quoting nubcake
You seem to be one who is easily convinced despite evidence to the contrary.
You seem to have a hard time convincing me.

The evidence is showing Samer's account has not been destroyed because of lack of stops. He's doing something special that you will eventually learn to do if you survive long enough.
  • #592
  • Nov 15, 2013 7:18am Nov 15, 2013 7:18am
Quoting Turveyd
{quote} 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.
It's not scalping. It's position sculpting.

Unfortunately for the people who gamble as if they are in the casino, there's no way for them to understand what he's doing.
  • #593
  • Nov 15, 2013 7:29am Nov 15, 2013 7:29am
Quoting Samer1970
{quote} 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
Thank you.
I use multi-pair hedging, an it increases my returns greatly.
The story of the Saudi Prince & the Gambling House:

This is why the houses in Europe have limits on what you can bet in their houses. There was a time when there was no limit on the money you could bet on the turn of a wheel. The houses were making so much money that they could afford large bets easily, or so they thought. A Saudi Prince decided to teach them a lesson.
He placed a bet on the Roullette wheel, and promptly lost, as the house expected. Then he doubled his bet. He lost again and they happily raked in his money.
Then he doubled his bet.
Again and again he kept losing and the house gleefully raked in he money.
He kept doubling his bets
Finally the wheel went his way and he won a lot of money.
He left it on the table and doubled it.
After this pattern repeated itself several times, huge fortunes were being put on the gaming table.
Suddenly the house realized they would have trouble paying him if he won, So they sent around to other houses, to borrow money to meet their obligation.
Too late! He won such a huge bet they couldn't pay him.
He wound up owning the house, with all he had lost. So he had thus acquired a gambling house for free!
As soon as the other houses heard this they limited the size a gambler could bet against them.

The question is, which one are you? The Gambling house or the Saudi Prince!?!

I , too trust in God. All of my winnings, all of them are for the poor.

After taxes - of course! (I wish I could read Arabic script: it is so beautiful)!
  • #594
  • Nov 15, 2013 7:59am Nov 15, 2013 7:59am
Quoting Rap Skallion
{quote} Thank you. I use multi-pair hedging, an it increases my returns greatly. The story of the Saudi Prince & the Gambling House: This is why the houses in Europe have limits on what you can bet in their houses. There was a time when there was no limit on the money you could bet on the turn of a wheel. The houses were making so much money that they could afford large bets easily, or so they thought. A Saudi Prince decided to teach them a lesson. He placed a bet on the Roullette wheel, and promptly lost, as the house expected. Then he doubled...
What you got there is martingale. It works for people who can't add up ? Why do you think multi-pair hedging is martingale ? Multi-pair hedging sounds more like diversification.

Are you a casino attempting to peddle your warez ?
  • #595
  • Nov 15, 2013 8:59am Nov 15, 2013 8:59am
Quoting BeginnerJoe
{quote} What you got there is martingale. It works for people who can't add up ? Why do you think multi-pair hedging is martingale ? Multi-pair hedging sounds more like diversification. Are you a casino attempting to peddle your warez ?
Right on. The reason martingale does not work is because most people run out of money, you are not the the Saudi Prince (at least I am not one). So somehow I have to limit the size of the bet the market places against me. One way is with the use of fixed stop loss. If you do not use them, you have to have a rational in place so that Your Saudi Prince (the market) does not wipe you out.

Fewer people use a fixed stop loss than you might think: Many, when the market gets close, will move the stop loss for emotional reasons. That's not fixed.
Scalpers may use a very tight stop loss because they play for a win in a very short time frame. Frequently they will close a trade in loss simply because it is taking too long. You can make money that way, I did for a while, but I found it made me too tense, glued me to the screen overmuch.

Another way is to set an ironclad stop loss so low you're confident that Price action won't get there. but if it does, you prevent the market from taking you completely out. I have tried various forms of that long enough to know that you can make money that way. The trouble I see with that is this:
by the time the market gets there, conditions will have usually changed, and you might want to rethink the stop. Price action could be showing signs of running out of steam, and if you leave it there, it could just take you out and reverse, when you could move it and wait for it to get back into profit or at least lessen the loss.
The key is you have a good reason to move it, other than your reluctance to take a loss. That impulse should be ignored.

But the truth of the matter is that these people are not really using a stop loss the way they think they are, and for many of them, good reason.

Just because price hits a certain level -all by itself- is not necessarily a good reason to enter a trade, so too, it is not necessarily a good reason to exit it.

You are ultimately responsible for the health of your account. Are you going to let it suffer because you blindly follow an arbitrary rule? Are you going to let it suffer because you blindly refuse an action when it is reasonable? I have my answers for now; they have changed in the past and are likely to do so again in the future.

Beside, my warez doesn't work well enough to peddle it!
  • #596
  • Nov 15, 2013 9:24am Nov 15, 2013 9:24am
Quoting Rap Skallion
{quote} Right on. The reason martingale does not work is because most people run out of money, you are not the the Saudi Prince (at least I am not one). So somehow I have to limit the size of the bet the market places against me. One way is with the use of fixed stop loss. If you do not use them, you have to have a rational in place so that Your Saudi Prince (the market) does not wipe you out. Fewer people use a fixed stop loss than you might think: Many, when the market gets close, will move the stop loss for emotional reasons. That's not fixed....
Just because something looks like martingale doesn't mean it is. Samer seems experienced enough to be beyond martingale. If he was using martingale, he wouldn't need to diversify. He's betting in a way unlike the casino players who use stops. That can only come from experience.
  • #597
  • Nov 15, 2013 11:31am Nov 15, 2013 11:31am
Hi Joe, my name is Joe too.

There is a popular thread called SonicR. It is run by a interesting fellow named TAH. They do something similar to what sameeh here is doing. They try to avoid losses by averaging down using a fictional construct they call volume. Myself and several others warned them all summer. Eventually the thread owner had us banned. In September, a lot of them blew up.

Why? They could not take losses.

Think about it. You too Sameeh. You are cutting winners early and letting losses run. Eventually, you are going to get a market event that will break down any hedging correlations you might be doing to protect yourself. When this happens you will be blown out of the market.

I am not being critical of you in a negative way. You need to try to understand that just as winners compound, losers do too. You will at some point accumulate enough losers that you will become overleveraged. It will take more and more winners coming faster and faster just to maintain the losers. Think about this.
If you are good at something, never do it for free--Joker
  • #598
  • Nov 15, 2013 11:53am Nov 15, 2013 11:53am
Quoting Slim Buffett
{quote} "will go against me until it will go for me." That's hard to argue with. I hope that "strategy" works out. "But for noobies" who should NOT even pay attention to you because you're incomprehensible. I hope your multi-year losses turn into 1 pip winners. Nothing like patience, 'ay?
This another issue with not taking losses. Opportunity costs. You have a finite amount of capital. Since Samer carries his losses, that is capital that is not working for him and time that is wasted.

I see that Joe does take losses after doing some reading. He most likely just takes his losses only after he has secured a bigger gain. It still needlessly ties up capital that could be put to work elsewhere.
If you are good at something, never do it for free--Joker
  • #599
  • Nov 15, 2013 12:04pm Nov 15, 2013 12:04pm
Quoting BeginnerJoe
{quote} Just because something looks like martingale doesn't mean it is. Samer seems experienced enough to be beyond martingale. If he was using martingale, he wouldn't need to diversify. He's betting in a way unlike the casino players who use stops. That can only come from experience.

Joe.theress an element of martingale in all forms of gambling , BETTING.if the outcome is unknown.the thing that changes the martingale effect within betting on unknown outcomes is this change.protecting risk and on occasion gaining a grearer risk re2ard ratio.this is not somthing forex factory members invented its pure mathamatics.

You see martingale has many variations. All of which have a negative expectancy apart from super martingale which in thoery has a possible positive expectancy.unfortunatly ther is no calculated stop point.samar is martingaling.and it can look to hold a magical key but does not unless he has overcome a maths problem yet to be solved by mathematicians globally.
What these members are trying to put forward to unknowing minds is that its not possible in reality.it works with dimes and bucks but not real account.risk protection is a stopping point.
  • #600
  • Nov 15, 2013 12:15pm Nov 15, 2013 12:15pm
Quoting BeginnerJoe
{quote} Well this brings us back to the original point of the argument. Given that the market is highly unpredictable, it's not right to arbitrarily decide the losing direction is predictable but the winning direction is not. The point is that both are equally unpredictable. Therefore taking a loss is not necessarily the right thing to do. It is just one of the the several options you have. But it has no greater weight than other options.
That is a fair statement. The question is, while you are waiting to be right, how often are you willing to be wrong and for how long?
If you are good at something, never do it for free--Joker
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