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Trading Without a StopLoss

  • #1,061
  • Nov 24, 2013 1:46pm Nov 24, 2013 1:46pm
Quoting shellsnail
{quote} But if you weigh that prices are more likely to go to 1 than go back to 10, shouldn't you sell at 5 since it's higher than 1? (in other words, like you said, profit potential is no longer there)
Judging by your trade at 10, I would say your predictive capability is as good as 2+2's. In that case I would suggest restraining yourself and avoid further predictions.
  • #1,062
  • Nov 24, 2013 1:50pm Nov 24, 2013 1:50pm
Quoting BeginnerJoe
{quote} Judging by your trade at 10, I would say your predictive capability is as good as 2+2's. In that case I would suggest restraining yourself and avoid further predictions.
So when you say prediction you actually mean you are always right...?

lol. now you are talking nonsense. (oh wait...)
Build good relationships with others.
  • #1,063
  • Nov 24, 2013 1:51pm Nov 24, 2013 1:51pm
Quoting Turveyd
BJ tell us, how you trade, why you take a trade, why you take a profit!!
How: long and short
Why: for profit
Why2: make bank buy high sell low
  • #1,064
  • Nov 24, 2013 1:52pm Nov 24, 2013 1:52pm
Quoting shellsnail
{quote} So when you say prediction you actually mean you are always right...? lol. now you are talking nonsense. (oh wait...)
You are putting words in my mouth. I said when you can't predict, don't.
  • #1,065
  • Nov 24, 2013 1:52pm Nov 24, 2013 1:52pm
Quoting BeginnerJoe
{quote} But 99.9% of the people use stops. We have a big SL fan here realjumper who will be happy to give you all the liquidity you need.
And you arrived at you 99.9% figure how?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,066
  • Nov 24, 2013 1:55pm Nov 24, 2013 1:55pm
Quoting realjumper
{quote} And you arrived at you 99.9% figure how?
I count the number of people who are like you.
  • #1,067
  • Nov 24, 2013 1:59pm Nov 24, 2013 1:59pm
Quoting BeginnerJoe
{quote} I count the number of people who are like you.
Lets have a look at your 'count' then.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,068
  • Nov 24, 2013 2:02pm Nov 24, 2013 2:02pm
Quoting BeginnerJoe
{quote} How: long and short Why: for profit Why2: make bank buy high sell low

So you have no trading method or logic, I appreciate your going long when the market is going up and taking a profit every stall I bet ??

Or your doing is ranting about NOT USING SL's cause there evil and bla bla bla.



You won't show your statement, which is all the evidence we need to know it's not working for you, yes you believe in time it will work those floating losers will get to profit and all will be fine, but when 10years ? 20years ? wouldn't you of just accumulated more floating losers by then ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,069
  • Nov 24, 2013 2:06pm Nov 24, 2013 2:06pm
Come on BJ show us some proof your making $$$'s of this no SL approach ??

Abit of proof, goes a LONG way around here!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,070
  • Nov 24, 2013 2:10pm Nov 24, 2013 2:10pm
Quoting Turveyd
{quote} So you have no trading method or logic, I appreciate your going long when the market is going up and taking a profit every stall I bet ?? Or your doing is ranting about NOT USING SL's cause there evil and bla bla bla. You won't show your statement, which is all the evidence we need to know it's not working for you, yes you believe in time it will work those floating losers will get to profit and all will be fine, but when 10years ? 20years ? wouldn't you of just accumulated more floating losers by then ??
Who said I was ranting. I was trying to tell people why they lose. From the eur thread, I tell people I keep inventory.

Like several others, you too consider yourself an expert in predicting how long a draw down lasts. But like them, you have no such ability.
  • #1,071
  • Nov 24, 2013 2:14pm Nov 24, 2013 2:14pm
Quoting BeginnerJoe
{quote} Who said I was ranting. I was trying to tell people why they lose. From the eur thread, I tell people I keep inventory.

But you claim SL is why everyone loses money ?? yes it's a factor, but most people have a SL for what they believe atleast is a reason, rightly or wrongly, hell most people just go TP 200, SL 200 and have no real world trading logic, so can't really count them at all.

I've seen people lose money due to no SL and not willing to take losses, yes they do okay for a while, then account = MARGIN CALLED pretty damn quickly, hell been there 6 or 7 years ago I'm sure.

You need a big account and trading at relatively really small positions to make this work right ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,072
  • Nov 24, 2013 2:17pm Nov 24, 2013 2:17pm
Quoting BeginnerJoe
{quote} Who said I was ranting. I was trying to tell people why they lose. From the eur thread, I tell people I keep inventory. Like several others, you too consider yourself an expert in predicting how long a draw down lasts. But like them, you have no such ability.

Most people lose cause there trading off things which look easy and great after the fact, but trying to use it Live is just impossible but they believe they can improve and get there so they keep going for ever more.


I've tried so many methods which look perfect after the fact, but live, useless taken me years to find something trust worthy and simple live.

Part of this method is a SL strategy to give me a damn good R:R, without it my account traded at the risk / lot size I trade would be wiped in no time I'm sure.


So good advice for your method = SUICIDE for most people on here, see that ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,073
  • Nov 24, 2013 2:17pm Nov 24, 2013 2:17pm
Quoting Turveyd
{quote} But you claim SL is why everyone loses money ?? yes it's a factor, but most people have a SL for what they believe atleast is a reason, rightly or wrongly, hell most people just go TP 200, SL 200 and have no real world trading logic, so can't really count them at all. I've seen people lose money due to no SL and not willing to take losses, yes they do okay for a while, then account = MARGIN CALLED pretty damn quickly, hell been there 6 or 7 years ago I'm sure. You need a big account and trading at relatively really small positions to make...
No stop loss does not mean no risk control.

Since you have a 75% win rate system, I suggest you stick to that.

The first blood of the week has been drawn. The banks bought high and sold low to me in eur/usd short.
  • #1,074
  • Nov 24, 2013 2:24pm Nov 24, 2013 2:24pm
Quoting BeginnerJoe
{quote} No stop loss does not mean no risk control. Since you have a 75% win rate system, I suggest you stick to that. The first blood of the week has been drawn. The banks bought high and sold low to me in eur/usd short.

Come on, details of how you trade ?? lot sizes / account size ( be vague ).


Always looking to improve method, I did run no SL tests, then larger SL tests and decided best of as is, but all options have to be explored.

Sadly, zero time to trade in 2 weeks, work is crazy ( and woman issues on my mind, also CRAZY ), despite my huge phone and Nexus 7 I can trade off from anywhere
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,075
  • Nov 24, 2013 2:28pm Nov 24, 2013 2:28pm
Quoting BeginnerJoe
{quote} The banks bought high and sold low to me in eur/usd short.
That should read :-

The banks bought higher and sold lower to me in eur/usd short.


Then you should have a clause :-

I hope I don't have to hold for too many years before I see higher again.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,076
  • Nov 24, 2013 2:29pm Nov 24, 2013 2:29pm
Quoting Turveyd
{quote} Come on, details of how you trade ?? lot sizes / account size ( be vague ). Always looking to improve method, I did run no SL tests, then larger SL tests and decided best of as is, but all options have to be explored. Sadly, zero time to trade in 2 weeks, work is crazy ( and woman issues on my mind, also CRAZY ), despite my huge phone and Nexus 7 I can trade off from anywhere
I don't think a 75% win rate system can be improved further. If still unsatisfied, you can give realjumper's technique a try or 2+2's 123 system.
  • #1,077
  • Nov 24, 2013 2:33pm Nov 24, 2013 2:33pm
Quoting BeginnerJoe
{quote} I don't think a 75% win rate system can be improved further. If still unsatisfied, you can give realjumper's technique a try or 2+2's 123 system.

I'm greedy and lazy, if I can go from few pennys for millions of $$$'s faster I shall find the short cut

Closing company all being well end of March ( when main client lose there contract possibly ), then i can focus on trading, till then keep mastering it and grow the account in preperation.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,078
  • Nov 24, 2013 2:34pm Nov 24, 2013 2:34pm
Quoting Turveyd
{quote} That should read :- The banks bought higher and sold lower to me in eur/usd short. Then you should have a clause :- I hope I don't have to hold for too many years before I see higher again.
You could just shorten that for him to read..... 'I hope'......because that's all he has!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,079
  • Nov 24, 2013 2:37pm Nov 24, 2013 2:37pm
So Joe. You're saying buying at 10 and setting a SL at 5 is pretty much buying high from the banks (at 10) and selling low to the banks (at 5). Let's say my TP is at 20. If the banks are out to get me, how come they allow me to hit my TP? How come the big bad super-savvy banks sell low to lil' me (at 10) and buy high from lil' me (at 20)? Why don't they want my moolah? Does it stink?

Or do banks belong to the 99.9% as well?

Oh and...

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  • #1,080
  • Nov 24, 2013 2:42pm Nov 24, 2013 2:42pm
Quoting Jexter
So Joe. You're saying buying at 10 and setting a SL at 5 is pretty much buying high from the banks (at 10) and selling low to the banks (at 5). Let's say my TP is at 20. If the banks are out to get me, how come they allow me to hit my TP? How come the big bad super-savvy banks sell low to lil' me (at 10) and buy high from lil' me (at 20)? Why don't they want my moolah? Does it stink? Or do banks belong to the 99.9% as well? Oh and... {image}

Nooooo don't put metal on your head it amplifies your brain waves and makes it easier for NSA sattelites to read your every thought!!


Most brokers trades don't even go to the markets the brokers take the risk that over all they'll lose, brokers SL's mostly aren't orders they become market orders upon the SL being reached so the banks / anyone can't actually see where your SL is either, so another myth.


But there clever, if GU is trading over 1.6000 say just, it's got support they know SL's will be just under so they'll push it down with a huge sell order when they see a lack of buyers and hit those SL's, then it runs up immediately after, cause yes they dumped 10,000 lots to push it down, but then picked up 100,000 lots from the SL's being hit from all the newbies.

Forgetting SL's all together to avoid above is 1 way around it, the better way is learn where not to put them so there not so easily taken.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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