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Trading Without a StopLoss

  • #1,241
  • Dec 1, 2013 1:01pm Dec 1, 2013 1:01pm
Quoting Turveyd
{quote} But he's right, if you set your SL at 0.00001 pips away then 99.9999% of the time the banks will take your money LOL Do you think he's really this stupid or just equally as bored as we are and trolling for fun ??
Seriously, I think - sick. He has psychological problems - no kidding. He's simply denying facts and logic. That's why I advised him to read a book (books about trading usually have psychology part). This: http://www.helpguide.org/ may also help.
The single most important factor is having control of your own life.
  • #1,242
  • Dec 1, 2013 1:04pm Dec 1, 2013 1:04pm
Quoting Mikkk01
{quote} Seriously, I think - sick. He has psychological problems - no kidding. He's simply denying facts and logic. That's why I advised him to read a book (books about trading usually have psychology part). This: http://www.helpguide.org/ may also help.
Or like most people he's dumb, but thinks he's really clever and ignores anything that would prove his delusion to be wrong.

Dumb people that think there really clever annoy the crap out of me, dumb people fair enough can't be helped but yeah!!

Mental illness does seem to be on the increase in the world doesn't it, times get hard more people snap.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,243
  • Dec 1, 2013 1:11pm Dec 1, 2013 1:11pm
Quoting Turveyd
times get hard more people snap.
No need to snap, just get a new job. Mikkk01's hospital janitor job seems to be quite good and he's picking up all the hospital words. You can ask him to get you in.
  • #1,244
  • Dec 1, 2013 1:15pm Dec 1, 2013 1:15pm
Quoting BeginnerJoe
{quote} No need to snap, just get a new job. Mikkk01's hospital janitor job seems to be quite good and he's picking up all the hospital words. You can ask him to get you in.

Tad long a commute to Russia sadly!!

Eccksss after 19years of Self Employeed if I don't beat markets big time or get more work through I might have to get a Just Over Broke, that would be NASTY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,245
  • Dec 1, 2013 1:28pm Dec 1, 2013 1:28pm
Quoting Turveyd
{quote} Or like most people he's dumb, but thinks he's really clever and ignores anything that would prove his delusion to be wrong. Dumb people that think there really clever annoy the crap out of me, dumb people fair enough can't be helped but yeah!! Mental illness does seem to be on the increase in the world doesn't it, times get hard more people snap.
That's exactly a psychological issue and I DO believe that almost everybody can be helped out but those who are doing the helping out thing will have to put in a lot of effort and I personally don't give a damn about this... you've seen the picture, that's not my grandma who went nuts.
The single most important factor is having control of your own life.
  • #1,246
  • Dec 1, 2013 1:28pm Dec 1, 2013 1:28pm
Quoting BeginnerJoe
{quote} He has changed now. From now on, he is going to make 200% account growth a week. I am very hopeful for him now that he gained my insights on stops.
It is entirely possible to make 200% per week account growth relative to your initial position size.
If you are good at something, never do it for free--Joker
  • #1,247
  • Dec 1, 2013 1:31pm Dec 1, 2013 1:31pm
Quoting Turveyd
{quote} Tad long a commute to Russia sadly!! Eccksss after 19years of Self Employeed if I don't beat markets big time or get more work through I might have to get a Just Over Broke, that would be NASTY!!!
And I wouldn't recommend you our medicare - that sucks as well as all the other services. Thank god, I'm getting out soon
How is my English, by the way?))
The single most important factor is having control of your own life.
  • #1,248
  • Dec 1, 2013 1:36pm Dec 1, 2013 1:36pm
If you put stops in the market, it is the banks job to try to find it. Those pennies, aggregated by thousands of people making thousands of trades a year can really add up. They know all the TA stuff too, and if they can do it without causing significant disruption they will. Stops should not be placed in the market.
If you are good at something, never do it for free--Joker
  • #1,249
  • Dec 1, 2013 1:39pm Dec 1, 2013 1:39pm
Quoting Mikkk01
{quote} That's exactly a psychological issue and I DO believe that almost everybody can be helped out but those who are doing the helping out thing will have to put in a lot of effort and I personally don't give a damn about this... you've seen the picture, that's not my grandma who went nuts.

Stupid people are generally too stupid and will take it as an insult and close down and run away screaming I find!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,250
  • Dec 1, 2013 1:40pm Dec 1, 2013 1:40pm
Quoting jmn5611
{quote} It is entirely possible to make 200% per week account growth relative to your initial position size.



A Month is the plan, intitially then drop the risk as the account grows and trading big $$'s per pip is kinda scarey, 30% per month should be doable I feel with a 20K account, find out in the next 6months I guess.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,251
  • Dec 1, 2013 1:40pm Dec 1, 2013 1:40pm
Quoting jmn5611
If you put stops in the market, it is the banks job to try to find it. Those pennies, aggregated by thousands of people making thousands of trades a year can really add up. They know all the TA stuff too, and if they can do it without causing significant disruption they will. Stops should not be placed in the market.
Oh, man, you seem to be one of those:
Quoting Mikkk01
{quote} Do you really believe that anybody except a couple of desperately needy newish newbies will even think of such a bullshitty crap complimented with your every moment escalating medical condition like of something more than a subject to laugh at?
The single most important factor is having control of your own life.
  • #1,252
  • Dec 1, 2013 1:41pm Dec 1, 2013 1:41pm
Quoting Mikkk01
{quote} And I wouldn't recommend you our medicare - that sucks as well as all the other services. Thank god, I'm getting out soon How is my English, by the way?))

Fine, although I'm not the person to ask, I autocorrect anything including my own ramblings so not a clue if it's good or bad, wouldn't of known if not for clicking on your ID.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,253
  • Dec 1, 2013 1:43pm Dec 1, 2013 1:43pm
Quoting jmn5611
If you put stops in the market, it is the banks job to try to find it. Those pennies, aggregated by thousands of people making thousands of trades a year can really add up. They know all the TA stuff too, and if they can do it without causing significant disruption they will. Stops should not be placed in the market.

LOL we have another NUTTER!!

Listen very carefully!!


Stops are not visible to anyone, there held on your brokers server, when there hit your brokers server posts a Market order to close your trade down, stops get gunned for simply because they know where Retail Newbies are likely to put them, nothing more.

If your stop gets hit, it was a bad trade, it's your fault, no 1 elses.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,254
  • Dec 1, 2013 1:52pm Dec 1, 2013 1:52pm
Quoting Turveyd
{quote} Fine, although I'm not the person to ask, I autocorrect anything including my own ramblings so not a clue if it's good or bad, wouldn't of known if not for clicking on your ID.
Interestingly, after a year of english-speaking forums I even began to think in English and I like it much more than a mother tongue as Russian is not really Russian anymore anyway, almost 70% of words are just distorted ones from English and that just SUCKS.
The single most important factor is having control of your own life.
  • #1,255
  • Dec 1, 2013 1:55pm Dec 1, 2013 1:55pm
Quoting jmn5611
If you put stops in the market, it is the banks job to try to find it. Those pennies, aggregated by thousands of people making thousands of trades a year can really add up. They know all the TA stuff too, and if they can do it without causing significant disruption they will. Stops should not be placed in the market.
It might add up. But it doesn't seem to be as much as people would imagine. The deutsch bank guy said something about their algo for taking retail bets makes profits in the region of around 5 million. Although he didn't say if it was per year, per month, or what.
  • #1,256
  • Dec 1, 2013 1:57pm Dec 1, 2013 1:57pm
Quoting Mikkk01
{quote} Interestingly, after a year of english-speaking forums I even began to think in English and I like it much more than a mother tongue as Russian is not really Russian anymore anyway, almost 70% of words are just distorted ones from English and that just SUCKS.

I suspected the internet and torrented TV shows from the USA would dilute all languages eventually, looks like it's happening.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,257
  • Dec 1, 2013 1:57pm Dec 1, 2013 1:57pm
Quoting Turveyd
{quote} stops get gunned for simply because they know where Retail Newbies are likely to put them, nothing more.
Another interesting point is that if your trade is RIGHT it won't get hunted as those big guys won't go against the market. No-no, cause they don't wanna
Quoting BeginnerJoe
{quote} carry a loss for years.
after that like our crazy friend is going to.
The single most important factor is having control of your own life.
  • #1,258
  • Dec 1, 2013 1:59pm Dec 1, 2013 1:59pm
Quoting Mikkk01
{quote} Interestingly, after a year of english-speaking forums I even began to think in English and I like it much more than a mother tongue as Russian is not really Russian anymore anyway, almost 70% of words are just distorted ones from English and that just SUCKS.
Well the hospital words in russia are exactly like in english.
  • #1,259
  • Dec 1, 2013 2:02pm Dec 1, 2013 2:02pm
Quoting BeginnerJoe
{quote} Well the hospital words in russia are exactly like in english.
I can't believe I found a single post of yours that makes sense
The single most important factor is having control of your own life.
  • #1,260
  • Dec 1, 2013 2:02pm Dec 1, 2013 2:02pm
Quoting Mikkk01
{quote} Another interesting point is that if your trade is RIGHT it won't get hunted as those big guys won't go against the market. No-no, cause they don't wanna {quote} after that like our crazy friend is going to.



Well you get the odd annoying spike down/up which hits your SL and reverses, got to hate SL's when that happens.

Imperfect world, only imperfect solutions, SL's are 1 of those.

Hold losing trades for years LOL just madness, never going to get rich with that, intraday for me all the way.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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