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Trading Without a StopLoss

  • #621
  • Nov 15, 2013 2:28pm Nov 15, 2013 2:28pm
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #622
  • Nov 15, 2013 2:31pm Nov 15, 2013 2:31pm
Quoting BeginnerJoe
It would be silly of him to sell what he's got.
It would be silly to be posting screenshots of a failing account pretending it is making money. And yet, here we have Samer doing just that. Dumb people do dumb things, and dumber people buy into it.

He has his own thread with people following this disaster. If he can manage to find those people, are you so sure he couldn't find people dumb enough to pay for the hot air he might some day sell?

It's intellectually dishonest for you to not recognize the depths of depravity we are seeing on display right now.

...

Anyways, I'll be back later (with popcorn).
Congratulations ScalaFX for coming out of the closet!
  • #623
  • Nov 15, 2013 2:31pm Nov 15, 2013 2:31pm
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #624
  • Nov 15, 2013 2:34pm Nov 15, 2013 2:34pm
Quoting beginnerjoe
{quote} so people who don't use stops are scammers ? Maybe they are also communists, or of a certain religious persuasion who deserve to be invaded ? The thread is about not using stops. Until someone starts to sell something, there nothing beyond the point of discussion. Since samer is still under water. It would be silly of him to sell what he's got.

that is correct, i do not use stop loss and this thread is about not using stop loss in posT 1 dare123 says " i will not use stop loss"

and i will not close my deals if they are under floating loss, but they are making good money and +ve swap to minimize the floating loss

if i do not close any trade with a -ve floating loss, it is still wining trade even though...

thank you
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #625
  • Nov 15, 2013 2:36pm Nov 15, 2013 2:36pm
Quoting nubcake
{quote} No sensible trading ever does. "no stop loss" "god" "money in my pocket" ... yes, you aren't at all crazy. Not one bit.
CAN YOU SHOW YOUR WAY OF TRADING - PLEASE.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #626
  • Nov 15, 2013 2:40pm Nov 15, 2013 2:40pm
Quoting nubcake
{quote} 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...

visit my ff thread and see the results

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #627
  • Nov 15, 2013 2:44pm Nov 15, 2013 2:44pm
Quoting nubcake
It's intellectually dishonest for you to not recognize the depths of depravity we are seeing on display right now.
An account in draw down is not the depth of depravity. It just means it might come into profit later.
  • #628
  • Nov 15, 2013 2:46pm Nov 15, 2013 2:46pm
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #629
  • Nov 15, 2013 2:49pm Nov 15, 2013 2:49pm
if all traders will think like nubcake and his team, then no one will open a supermarket or returnat or trading forex

a supermarket has thousands of good insisde it.
for the owner, he paid money to put it in his shelf

this is floating loss till it is being sold, then it is a profit

logic

same my style of trading

i am really sorry that threr are some traders are still blind and can not use thier mind to compare real trading in a supermarket with forex opening trades... It is still trading
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #630
  • Nov 15, 2013 2:50pm Nov 15, 2013 2:50pm
Quoting BeginnerJoe
{quote} An account in draw down is not the depth of depravity. It just means it might come into profit later.

100% CORRECT
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #631
  • Nov 15, 2013 2:53pm Nov 15, 2013 2:53pm
Quoting Samer1970
if all traders will think like nubcake and his team, then no one will open a supermarket or returnat or trading forex a supermarket has thousands of good insisde it. for the owner, he paid money to put it in his shelf this is floating loss till it is being sold, then it is a profit logic same my style of trading i am really sorry that threr are some traders are still blind and can not use thier mind to compare real trading in a supermarket with forex opening trades... It is still trading
You are not a supermarket.

A supermarket opens knowing they can move product for a profit. You are just buying horse manure hoping to sell it back to the horse. Yeah, that's not smart.

In the meantime you keep digging your debt-hole deeper.
Congratulations ScalaFX for coming out of the closet!
  • #632
  • Nov 15, 2013 2:58pm Nov 15, 2013 2:58pm
Quoting nubcake
{quote} You are not a supermarket. A supermarket opens knowing they can move product for a profit. You are just buying horse manure hoping to sell it back to the horse. Yeah, that's not smart. In the meantime you keep digging your debt-hole deeper.
Uncanny, I was about to tell Samer to stop digging...
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #633
  • Nov 15, 2013 3:04pm Nov 15, 2013 3:04pm
Quoting nubcake
{quote} You are not a supermarket. A supermarket opens knowing they can move product for a profit. You are just buying horse manure hoping to sell it back to the horse. Yeah, that's not smart. In the meantime you keep digging your debt-hole deeper.
At no point did Samer indicate he was involved in horse manure. Your accusation is just pure bull manure.

At least Samer is working his trade like a business. What do you propose instead ? That he should do it like he's playing casino red/black ? The reason that casinos are profitable is precisely because that way doesn't work. So it would be wise to avoid that way.
  • #634
  • Nov 15, 2013 3:21pm Nov 15, 2013 3:21pm
Is there any way to divert this thread back to reasonable discourse about the topic at hand ?
There's always money in the banana stand.
  • #635
  • Nov 15, 2013 3:28pm Nov 15, 2013 3:28pm
Quoting BeginnerJoe
{quote} At no point did Samer indicate he was involved in horse manure. Your accusation is just pure bull manure. At least Samer is working his trade like a business. What do you propose instead ? That he should do it like he's playing casino red/black ? The reason that casinos are profitable is precisely because that way doesn't work. So it would be wise to avoid that way.
At some point I indicated that Samer is involved in horse manure. In fact, if you were paying attention, it was the very post you replied to. I'm glad I can help you keep-up. I feel like I'm aiding someone with a disability.

Samer isn't working anything like a business. He's acting like a day-1 rookie who keeps getting his stops hit and discovers the wonders of "no stops = no losses".

Would you start buying stock for your "business" hand over fist without being able to move enough of it to cut a profit? At some point product becomes worthless at which point it is a wholly realized loss.

There seems to be this adoration for businesses who dig themselves into serious debt, as though they are heroes who have worked-out some big mystery of success. No, most businesses fail, and the few who survive do so by... making tangible bankable profit. They don't do it by buying more and more debt until they have nowhere left to go but bankruptcy.

Yes, most businesses dig themselves a hole. Most businesses fail. In that regard Samer is doing just like everyone else. And just like everyone else he has no idea what he is doing. But dancing-around pretending he is "making profit" and "banking pips" is ludicrous.

Don't dare suggest he's doing anything that resembles what the successful businesses do.

The somewhat coherent nature of your posts betrays the fact that you are just as much of a donkey as Samer is, and your posts will be afforded no respect in turn.
Congratulations ScalaFX for coming out of the closet!
  • #636
  • Nov 15, 2013 3:30pm Nov 15, 2013 3:30pm
IP Address check on Samer and BegginerJoe please, against the rules to post as 2 different people on here.

And your not claiming to be in a hole, your claiming to be up, but have positions which are negative, but still up even if you close them here I believe ??

Then you claim to be after 1000 pips then your closing at 3 - 4 pips repeatly.



I have no issues with no SL trading, repeated SL hits or no SL and manual closes likely isn't much different, but you can't just hold losing positions for ever and give up totally on ever predicting / looking for a trend completely, that's just madness.

You realise, if you hold for 30-40pips rather than 3-4pips. your positions in the hole would be nearly identical and you'd be making 15-20x's the profit due to spread and comm charges ?? At the moment your barely covering the comm charge.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #637
  • Nov 15, 2013 3:31pm Nov 15, 2013 3:31pm
Unfortunately, I've been sucked into this discussion. What am I missing here? Samer had a good day/week, but is massively in negative territory for the year. How can anyone view this as a good thing? If this is his trading style, how will he ever make money (yes, he had a positive day today, but he is still well under water, so no, he did not make any money today. He just cut his losses a little)? I understand the idea that his negative trades may one day be positive. But, over time, as one trade recovers, isn't in logical that his approach will lead to newer negative trades being added to the portfolio of negative trades? If this approach results in taking deeply negative trades, won't it always be deeply negative? I view his comments as, "If you ignore the huge number of negative trades, I'm making money hand over fist!" And no, this is not how you run a business. It's called cooking the books, and that is a bad thing. Perhaps the magnitude of the losses, compared to his margin account, is small, which helps him sleep at night, but his positive trades are much smaller, and he is still losing money. His only chance of making money, is to stop trading and hope that the market is kind to him, someday in the future.
  • #638
  • Nov 15, 2013 4:03pm Nov 15, 2013 4:03pm
the swap now collected, and you can see that it is more thanh the commission..

for the example trade i am using in older posts

now the swap is > 13% of the floating loss

enjoy

Attached Image (click to enlarge)
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #639
  • Nov 15, 2013 4:07pm Nov 15, 2013 4:07pm
after few days from now, when i close this deal with profit + good swap. I will remind many traders who attacked me here how much they were rude with their judgment

the same trade was in floating loss of -$800 before one week and the swap was $30

today the same trade is -$461 and swap +$62

all of this is proving my strategy

i would like to thank you joe for your good understandings my way and i wish you many pips
thank you
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #640
  • Nov 15, 2013 4:13pm Nov 15, 2013 4:13pm
Quoting GEfx
If this approach results in taking deeply negative trades, won't it always be deeply negative?
No, it was determined from the earlier part of the thread that it is not possible to predict how long or how deep something will remain. So if you choose to take a loss, it is not necessarily the right decision. For people who persistently taking a loss at a whim, it is a road to ruin. Hence we have lots of people who use stop losses coming in here looking for salvation.
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