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Trading Without a StopLoss

  • #801
  • Nov 20, 2013 5:10pm Nov 20, 2013 5:10pm
Quoting Slim Buffett
{quote} WELL OK THEN !!! whatever you believe is fine with me

THANK YOU VERY MUCH

GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #802
  • Nov 20, 2013 5:29pm Nov 20, 2013 5:29pm
I feel like this topic has become a beaten dead horse over the past year....You don't need stops to trade successfully. I've been at this for 5 years now, never once used a stop throughout my career. I now trade treasuries at a firm as of the last few months...they also DO NOT use stops. Now, that's not to say, it's not a good idea to have a broker on speed dial in case of software issues. If you feel more comfortable using stops....so be it, but it does not mean that you can't be successful without them.

/deadhorse
  • #803
  • Nov 20, 2013 5:42pm Nov 20, 2013 5:42pm
Quoting Benevolent
I feel like this topic has become a beaten dead horse over the past year....You don't need stops to trade successfully. I've been at this for 5 years now, never once used a stop throughout my career. I now trade treasuries at a firm as of the last few months...they also DO NOT use stops. Now, that's not to say, it's not a good idea to have a broker on speed dial in case of software issues. If you feel more comfortable using stops....so be it, but it does not mean that you can't be successful without them. /deadhorse
look at your equity and profit, and then look at every clown saying how great no stops are. I think you will find you are very alone in your metrics.

Your situation bears no resemblance to every other "no stop" guru on here.
Congratulations ScalaFX for coming out of the closet!
  • #804
  • Nov 20, 2013 5:46pm Nov 20, 2013 5:46pm
Quoting nubcake
{quote} look at your equity and profit, and then look at every clown saying how great no stops are. I think you will find you are very alone in your metrics. Your situation bears no resemblance to every other "no stop" guru on here.

Oh ok. You win.
  • #805
  • Nov 20, 2013 5:57pm Nov 20, 2013 5:57pm
So despite all THIS............

Inserted Video





......... could one reasonably "assume" that there are hundreds, even thousands
of ways to trade. Any one of which could be profitable for the trader who makes

it his/her duty to subscribe to his/her preferred method?

idk
When the Joker is in the deck.. fear not and play it well
  • #806
  • Nov 20, 2013 6:00pm Nov 20, 2013 6:00pm
Quoting Samer1970
{quote} THANK YOU VERY MUCH

..............btw, the video I posted has the same ad.

Cool how that works, 'ay ??
When the Joker is in the deck.. fear not and play it well
  • #807
  • Nov 20, 2013 6:02pm Nov 20, 2013 6:02pm
Quoting Slim Buffett
So despite all THIS............ http://www.youtube.com/watch?v=tMlKmELIhgY ......... could one reasonably "assume" that there are hundreds, even thousands of ways to trade. Any one of which could be profitable for the trader who makes it his/her duty to subscribe to his/her preferred method? idk
Not really. There are very few ways to trade and win. But many ways to trade and lose. Persistently guaranteeing to buy high and sell low is definitely a loser.
  • #808
  • Nov 20, 2013 6:03pm Nov 20, 2013 6:03pm
Quoting Slim Buffett
{quote} ..............btw, the video I posted has the same ad. Cool how that works, 'ay ??
You get given adverts depending on what you search for in search engines, what you search for on websites which allow you to purchase things, the type of sites you visit etc.

You really need the AdBlock plugin for your browser
  • #809
  • Nov 20, 2013 6:13pm Nov 20, 2013 6:13pm
Quoting GDR3k
{quote} You get given adverts depending on what you search for in search engines, what you search for on websites which allow you to purchase things, the type of sites you visit etc. You really need the AdBlock plugin for your browser
Yes, I'm aware of all that. I simply hadn't encountered it here on FF before.
"the hurrier i go the behinder i GET" I suppose.

I'll check out AdBlock tho............ thx!
When the Joker is in the deck.. fear not and play it well
  • #810
  • Nov 20, 2013 6:26pm Nov 20, 2013 6:26pm
Quoting BeginnerJoe
{quote} Not really. There are very few ways to trade and win. But many ways to trade and lose. Persistently guaranteeing to buy high and sell low is definitely a loser.
Quoting BeginnerJoe
{quote}Persistently guaranteeing to buy high and sell low is definitely a loser.
Well that's a "given". Have you any other "priceless jewels" with which to advise your fellow uninformed trader?
You were suggestive of having a "trade(ing) secret".

Is THAT ALL you have?

Quoting BeginnerJoe
{quote}There are very few ways to trade and win. But many ways to trade and lose.
That would simply be a random statement.......... based on trying... HOW many methods ?

If you're such a businessperson then you would know. Just look at the World around you.
I'm still not sure why you're so persistent with your "delusion"

but we'll get there
When the Joker is in the deck.. fear not and play it well
  • #811
  • Nov 20, 2013 6:43pm Nov 20, 2013 6:43pm
Quoting Slim Buffett
{quote} {quote} Well that's a "given". Have you any other "priceless jewels" with which to advise your fellow uninformed trader? You were suggestive of having a "trade(ing) secret". Is THAT ALL you have? {quote} That would simply be a random statement.......... based on trying... HOW many methods ? If you're such a businessperson then you would know. Just look at the World around you. I'm still not sure why you're so persistent with your "delusion" but we'll get there
You are taking it out of context. The context is forex. Most retail forex gamblers lose. It is generally believed the losing rate to be 95%. I estimate it at 99.9%, and the guarantee these people give to buy high and sell low has a lot to do with it.

The trade secret is a secret.
  • #812
  • Nov 20, 2013 6:50pm Nov 20, 2013 6:50pm
Quoting BeginnerJoe
{quote} You are taking it out of context. The context is forex. Most retail forex gamblers lose. It is generally believed the losing rate to be 95%. I estimate it at 99.9%, and the guarantee these people give to buy high and sell low has a lot to do with it. The trade secret is a secret.
And what studies is your estimate based upon? Perhaps you could share the data that you have collected to enable to reach such an estimate?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #813
  • Nov 20, 2013 6:58pm Nov 20, 2013 6:58pm
Quoting BeginnerJoe
{quote} You are taking it out of context. The context is forex. Most retail forex gamblers lose. It is generally believed the losing rate to be 95%. I estimate it at 99.9%, and the guarantee these people give to buy high and sell low has a lot to do with it. The trade secret is a secret.

NO! Now you're taking it out of context. You said you were a "businessman" and associated trading with
being just THAT. You can estimate whatever you would like. You can say ONE thing and change to say
something else (this is called ass covering).

"most retail forex gamblers lose"....... well, ain't THAT profound. If you're such a businessman then
you know that the vast majority of business fails in the first 5 years. It doesn't matter which.

So if YOU want to succeed........... then you should "get real"........ for whatever that means

In your case.......... it means.... ummm... let's think about this ??????
STOP pretending to be something you're NOT ???? Is that the right answer ??
When the Joker is in the deck.. fear not and play it well
  • #814
  • Nov 20, 2013 6:59pm Nov 20, 2013 6:59pm
Quoting realjumper
{quote} And what studies is your estimate based upon? Perhaps you could share the data that you have collected to enable to reach such an estimate?
My study was based on my forum use over the years. I have yet come across a single one who was convincingly profitable.
  • #815
  • Nov 20, 2013 7:04pm Nov 20, 2013 7:04pm
Quoting BeginnerJoe
{quote} My study was based on my forum use over the years. I have yet come across a single one who was convincingly profitable.
And you?.......are you in the profitable minority?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #816
  • Nov 20, 2013 7:05pm Nov 20, 2013 7:05pm
Quoting BeginnerJoe
{quote} My study was based on my forum use over the years.

That's one of the greatest studies I know of. (LOL)
C'mon Joe.... stop making me laugh !!!!
When the Joker is in the deck.. fear not and play it well
  • #817
  • Nov 20, 2013 7:07pm Nov 20, 2013 7:07pm
Quoting Slim Buffett
{quote} NO! Now you're taking it out of context. You said you were a "businessman" and associated trading with being just THAT. You can estimate whatever you would like. You can say ONE thing and change to say something else (this is called ass covering). "most retail forex gamblers lose"....... well, ain't THAT profound. If you're such a businessman then you know that the vast majority of business fails in the first 5 years. It doesn't matter which. So if YOU want to succeed........... then you should "get real"........ for whatever that means...
I have seen plenty of people succeed in normal business. I have never seen one who was successful in forex. So the context is relevant. Practically nobody in forex uses normal business practices, instead they use casino practices. So this can account for why more succeed in normal business and few succeed in forex.
  • #818
  • Nov 20, 2013 7:10pm Nov 20, 2013 7:10pm
Quoting realjumper
{quote} And you?.......are you in the profitable minority?
I believe I am. I am currently doing long term testing and low rate scaling up. So far the results are promising.
  • #819
  • Nov 20, 2013 7:13pm Nov 20, 2013 7:13pm
Quoting BeginnerJoe
{quote} I believe I am. I am currently doing long term testing and low rate scaling up. So far the results are promising.
Yet anyone else doing a "forum study" would place YOU in your 99.9% majority of losers because you have not produced (to this forum) a single shred of evidence to contrary.

^^^ An example in just how flawed and worthless your 'study' and comments are.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #820
  • Nov 20, 2013 7:13pm Nov 20, 2013 7:13pm
Quoting Slim Buffett
{quote} That's one of the greatest studies I know of. (LOL) C'mon Joe.... stop making me laugh !!!!
You are free to disprove my study. You can be the first successful forex player I ever come across. Say or do something that convinces me you know what you are doing in forex.
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