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Trading Without a StopLoss

  • #601
  • Nov 15, 2013 10:46am Nov 15, 2013 10:46am
Quoting jmn5611
{quote} 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?
It depends on available capacity to hold positions and the degree to which the wrong can be reversed. If you have the capacities of the banks, you are never wrong. If you have no capacity, you are always wrong. I am somewhere in between. But I am definitely more right than all those who see black swans on every street corner. That is a reflection of my deliberately designed capacity.
  • #602
  • Nov 15, 2013 10:56am Nov 15, 2013 10:56am
Quoting BeginnerJoe
{quote} It depends on available capacity to hold positions and the degree to which the wrong can be reversed. If you have the capacities of the banks, you are never wrong. If you have no capacity, you are always wrong. I am somewhere in between. But I am definitely more right than all those who see black swans on every street corner. That is a reflection of my deliberately designed capacity.
You are not really a beginner, are you Joe?
If you are good at something, never do it for free--Joker
  • #603
  • Nov 15, 2013 10:58am Nov 15, 2013 10:58am
Quoting diceman555
{quote} 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...
The outcome of a game of chess may not be known before the first move. But as the game progresses, the outcome becomes apparent. Real trading is like that. I detect an element of chess playing on the part of Samer. Chess playing increases the chance of knowing the outcome in advance. When you increase this chance, you reduce gambling. Reducing gambling is reducing martingale. It can only be a good thing.
  • #604
  • Nov 15, 2013 11:04am Nov 15, 2013 11:04am
Quoting BeginnerJoe
{quote} It depends on available capacity to hold positions and the degree to which the wrong can be reversed. If you have the capacities of the banks, you are never wrong. If you have no capacity, you are always wrong. I am somewhere in between. But I am definitely more right than all those who see black swans on every street corner. That is a reflection of my deliberately designed capacity.
This is not true.banks do not have the capacity to play such fairytale outcomes.there risk protection is paramount.this is nonsense.they have no such ability . regardless of the banks .goverments cant indefinatly prop a currency. Thos os ridiculous. This is a world market stabalised by monetary policies that somtimes work and somtimes not.lets get real
  • #605
  • Nov 15, 2013 11:11am Nov 15, 2013 11:11am
Quoting BeginnerJoe
{quote} The outcome of a game of chess may not be known before the first move. But as the game progresses, the outcome becomes apparent. Real trading is like that. I detect an element of chess playing on the part of Samer. Chess playing increases the chance of knowing the outcome in advance. When you increase this chance, you reduce gambling. Reducing gambling is reducing martingale. It can only be a good thing.
Chess has only two participants.

Im a great believer in looking outside the box joe.and open discussion is invaluable. Science and maths can be questioned.but one needs to take the topic in context. Its not viable in a real substantial account to sail anywhere close to martingale.
  • #606
  • Nov 15, 2013 11:36am Nov 15, 2013 11:36am
Quoting Samer1970
{image} {image} {image} {image} {image} = SSII STRATEGY + I AM
-14.2 eh?

So you went from -11.9 to -14.2. You are certainly going in the expected direction.

And now the 'god' claims are being puked on the forum, like usual. Who would have guessed that people who hold onto losing positions based on an incorrect belief that it will eventually all turn in their favor also happen to base other areas of their lives on fairy-tales.

Who knew?

This train-wreck is amazing. I'll be coming back here more often to keep-up on this mesmerizing display of ignorance.
Congratulations ScalaFX for coming out of the closet!
  • #607
  • Nov 15, 2013 11:54am Nov 15, 2013 11:54am
Quoting diceman555
{quote} Chess has only two participants.
Indeed. Buyer and seller. The fact that there are people playing chess next door bears no relation to your losing. Likewise the guy who charges you a fee to provide you with a venue to play (aka broker) can't be responsible for your losing either. You can blame them yes, but it won't help you win next time.

Trading is really quite simple. You on the one side, bank other other. Their capacity trumps yours. Game over.
  • #608
  • Nov 15, 2013 11:54am Nov 15, 2013 11:54am
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...
hi, i am not either, the way you describe it is like the grid trading is similar to double the trade each time you go up, it is like options 60 sec approach that to make money too, all gambling.
you begin with 1 unit, let;s say 0.01 lot, then after 100 pips 0.02, i think there are so many ea free in the market use the same idea.
but i am not.
i follow the smaller trend from the top
because of that i do not trade only one or ten for example pairs..
i trade 57 pair.
alpari pro account gives me very low . i mean it, very low spread vs the commission.
so, look to my trading pairs , they are multi.

i use also a correlation between pairs, it does not matter which one vs what, as the -80% is there and above.

i wish you good luck
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #609
  • Nov 15, 2013 11:59am Nov 15, 2013 11:59am
Quoting BeginnerJoe
{quote} 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.
yes Sir, you are right, it is not scalping.
scalpers do make each minute or 5 minute a trade, wait for 1 to 5 minute with stop loss and tp 3 or 5 pips at most then on time end, they close the deal and so on.
i can make easliy a very dummy EA doing this scalping, but for what, to live in tense each 5 minutes.
i will tell the traders here that it is very difficult to make scalping unless you have an EA.
manual scalpers the are the best losers to the brokers pockets. because of the stop loss.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #610
  • Nov 15, 2013 12:03pm Nov 15, 2013 12:03pm
I fear nubscake is right,even if I do hate the nasty little troll.


I also suspect a scam in the making and some posterers are the same poster, bigging themselves up
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #611
  • Nov 15, 2013 12:06pm Nov 15, 2013 12:06pm
today i made 111 usd
and my account still good and equity is raisng sloweley to the break even line.

i have lost one trade why ?

i made compounding.
in usd/rub.

because i want to close this pair for this week end..

but ok , i have lost 1$3.5 but i gain at the same second from the same pair more than 25 usd

this is a way of stop loss i use on need only, but it must guarantee for me profit in the other hand

please refer to my statement

this is a stop loss in a way it will make for you money, you loose 13 and at the same minute you gain 13, wow

this is math.

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #612
  • Nov 15, 2013 12:10pm Nov 15, 2013 12:10pm
i will post my statment for today , here we begin, be ready

this is my style and my way of trading and i am happy...
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #613
  • Nov 15, 2013 12:16pm Nov 15, 2013 12:16pm
the floating loss before few hours was -15%, now it is -9%

i call this is waves , cycles of trading , it nis very clear in my balance

after 33 days i made 22%, tell me is this bad


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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #614
  • Nov 15, 2013 12:17pm Nov 15, 2013 12:17pm
Quoting Turveyd
I fear nubscake is right,even if I do hate the nasty little troll. I also suspect a scam in the making and some posterers are the same poster, bigging themselves up
As dumb as your post is, true to the usual form, this is perhaps the smartest dumb thing you've ever said on this forum. A small speck of a quasi-thought amongst your years of poor spelling, grammar, and "next week I'll be a full-time trader".

Maybe in another 10 years you'll have made another thought which bears a faint resemblance to something a person of sub-average intellect might make.

I'd prefer it if you kept my username away from your grubby little stumps you call fingers.

...

As for you, Samer, your red-text means nothing. Why don't you be as bravado as you were up until I poked a giant hole in your fabrication of a story and just let everyone see your account details again? You were so happy to let it be on display for your sheeple to conveniently pay a lack of proper attention to, until someone (me) actually looked with their eyes wide-open.

Stop spamming your cut and paste cherry-picked snapshots. Let us see the whole picture, or none. Anything else is just poor deception at best, and "I'm a Nigerian Prince" failing at worst.

I.e. Derp.
Congratulations ScalaFX for coming out of the closet!
  • #615
  • Nov 15, 2013 12:19pm Nov 15, 2013 12:19pm
Quoting Turveyd
I fear nubscake is right,even if I do hate the nasty little troll. I also suspect a scam in the making and some posterers are the same poster, bigging themselves up

so, if you do not believe the results, open after few minute my FF thread and see it

sacm will try from first minute to sell you something and i do not,
if you feel that you are a strong trader and this thread is not suiting you, simply leave.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #616
  • Nov 15, 2013 12:22pm Nov 15, 2013 12:22pm
my mt4 trading statement for today

enjoy or envoy i do not care

my pocket has $$$$$$$

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #617
  • Nov 15, 2013 12:24pm Nov 15, 2013 12:24pm
Quoting Samer1970
my mt4 trading statement for today enjoy or envoy i do not care my pocket has $$$$$$$ {image}
Your pocket does not have $$$. Your pocket has debt.

This is brilliant.
Congratulations ScalaFX for coming out of the closet!
  • #618
  • Nov 15, 2013 12:24pm Nov 15, 2013 12:24pm
if you are using strategy and this one says DO NOT USE STOP LOSS, THEN DO NOT USE IT..
THIS IS MY PRINCIPLE, TAKE IT OR LEAVE IT.

SSII DOES NOT REQUIRE STOP LOSS AT ALL
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #619
  • Nov 15, 2013 12:26pm Nov 15, 2013 12:26pm
Quoting turveyd
i fear nubscake is right,even if i do hate the nasty little troll. I also suspect a scam in the making and some posterers are the same poster, bigging themselves up

ha ha ha --- and i like to see blind traders who does not try to use even their minds for few minutes to develop their skills....
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #620
  • Nov 15, 2013 12:27pm Nov 15, 2013 12:27pm
Quoting Samer1970
SSII DOES NOT REQUIRE STOP LOSS AT ALL
No sensible trading ever does.

"no stop loss"

"god"

"money in my pocket"

... yes, you aren't at all crazy. Not one bit.
Congratulations ScalaFX for coming out of the closet!
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