Trading Without a StopLoss | Page 66 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 Trading without GAP and without Excel 669 replies

Trading Without a Stoploss--BHILC 52 replies

Set Order without StopLoss / TakeProfit ? 4 replies

Trading without a stoploss 53 replies

MB Trading software, how to place stoploss and target 1 reply

Attachments: Trading Without a StopLoss
Exit Attachments

Trading Without a StopLoss

  • #1,301
  • Dec 1, 2013 7:22pm Dec 1, 2013 7:22pm
Quoting Magix
{quote} I didn't say so, you just confirmed it. You have already stated that you are comfortable with a loser hold until it becomes a winner. Personally, I don't see a problem with that, if this suits your idea of trading and profit. All good with me. Bragging about a trade that is in profit when the net is underwater, really is a loss. There are those of us that see through the smoke and mirrors. You aren't the mad nutter that Turv thinks you are, but at the same time, you aren't the grand loser that Mikkk believes you to be. You really are the...
Sounds like most businesses are at net loss by your definition. With all their money tied up in millions of lines of products, Walmart would probably be the biggest losers of them all. Likewise for intel. But twitter should be a winner, because they don't have inventory of anything and presumably have all cash.

I find it amazing for someone who's considering himself trading when he hasn't even a position.
  • #1,302
  • Dec 1, 2013 7:25pm Dec 1, 2013 7:25pm
Quoting Magix
{quote} I didn't say so, you just confirmed it. You have already stated that you are comfortable with a loser hold until it becomes a winner. Personally, I don't see a problem with that, if this suits your idea of trading and profit. All good with me. Bragging about a trade that is in profit when the net is underwater, really is a loss. There are those of us that see through the smoke and mirrors. You aren't the mad nutter that Turv thinks you are, but at the same time, you aren't the grand loser that Mikkk believes you to be. You really are the...

So he's take 2 trades, 1 in both directions, taken profit on the 1 already and has to wait to take a profit on the other / less of a loss to justify a profit, but he's short term taken a few pips out, got it!!

Took all weekend to drag this info out of him, got nothing but copy paste all weekend until recently.

I can see he way of trading, bidirectional or not, but you'd have to trade at such a low risk level, even with an account 10x's the size of mine, it would be a lot of work for very little profit.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,303
  • Dec 1, 2013 7:30pm Dec 1, 2013 7:30pm
Quoting Magix
{quote} Turvey helped teach me to trade in the forex markets, he is still My Number 1 Brother! What I say is in all due respect. He has the ability, just has to shake out the demons.

Thanks Bro, them demons are a bitch for sure, trained up a lot in my ways over the years, most have took my method and ran with it, where I struggle lack of faith I guess, but finally found a method I'm actually trading, not trading against, taken long enough hey.


How is your trading going these days ?? My logic but with MTF still ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,304
  • Dec 1, 2013 7:32pm Dec 1, 2013 7:32pm
Quoting Turveyd
it would be a lot of work for very little profit.
True, no way can I make 200% a week like you could. But I am content with what I get. It certainly beats the 7% pro's.
  • #1,305
  • Dec 1, 2013 7:35pm Dec 1, 2013 7:35pm
Quoting BeginnerJoe
{quote} Sounds like most businesses are at net loss by your definition. With all their money tied up in millions of lines of products, Walmart would probably be the biggest losers of them all. Likewise for intel. But twitter should be a winner, because they don't have inventory of anything and presumably have all cash. I find it amazing for someone who's considering himself trading when he hasn't even a position.
A retailer, as in Walmart, cannot be compared to FX trading. It is apples and oranges.......if you can't see that, well.......what more is there to say?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,306
  • Dec 1, 2013 7:38pm Dec 1, 2013 7:38pm
Quoting BeginnerJoe
{quote} Sounds like most businesses are at net loss by your definition. With all their money tied up in millions of lines of products, Walmart would probably be the biggest losers of them all. Likewise for intel. But twitter should be a winner, because they don't have inventory of anything and presumably have all cash. I find it amazing for someone who's considering himself trading when he hasn't even a position.

You've missed it.

I was actually siding with you.

Walmart doesn't pay for stock until said stock is sold. Sure, the bill is always lurking, but the check will be written when the profit is already in the bank.

Your ideas on how things works, might be with you in your interpretation as applied to your trading method.

I think it best you live in this cloud of ignorance. When reality sets in, it'll only fuck you.

I am finished with you. You really don't need to reply to me anymore.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,307
  • Dec 1, 2013 7:38pm Dec 1, 2013 7:38pm
Quoting BeginnerJoe
{quote} True, no way can I make 200% a week like you could. But I am content with what I get. It certainly beats the 7% pro's.
That's my target per month, at first, reducing risk as I go so far from indefinately sadly.

The 7% Pro's are limited to that kinda number, because someone has to lose it, that being Retail, they can't make more than retail lose and all the Pro's make, but 7% is Billions to them.

Even 100% per year, is not worth my time, cause I'm POOR!!

Best I've had from Live is 200% per year so far, which means 6years to get to wage level, without any screw ups so likely 10years if ever, scrapped it and kept looking!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,308
  • Dec 1, 2013 7:40pm Dec 1, 2013 7:40pm
Quoting Turveyd
{quote} Thanks Bro, them demons are a bitch for sure, trained up a lot in my ways over the years, most have took my method and ran with it, where I struggle lack of faith I guess, but finally found a method I'm actually trading, not trading against, taken long enough hey. How is your trading going these days ?? My logic but with MTF still ??

My trading is based on confidence and reality...steered through the eyes of multiple time frames.

I get in, take profit, get out.

A win by a single point, is still a win.

Continue on the same track we left off, you'll get there brother.

Market takes persistence and perseverance enough to piss a hole in a rock. Accomplish this by what ever vehicle you have available.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,309
  • Dec 1, 2013 7:43pm Dec 1, 2013 7:43pm
Quoting Turveyd
{quote} So he's take 2 trades, 1 in both directions, taken profit on the 1 already and has to wait to take a profit on the other / less of a loss to justify a profit, but he's short term taken a few pips out, got it!! Took all weekend to drag this info out of him, got nothing but copy paste all weekend until recently. I can see he way of trading, bidirectional or not, but you'd have to trade at such a low risk level, even with an account 10x's the size of mine, it would be a lot of work for very little profit.

That is nedging.

Strangely enough...it works.

As long as, as Joe has mentioned, you aren't selling bottoms and buying tops, almost any position given enough time will be profitable.

Do this enough times per year and you will find prosperity.

It really is in the Money Management.

Joe knows what he is talking about, it is a valid market strategy. Just doesn't conform with the making a zillion overnight like attracts so many to market.

7% per year.

Valid.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,310
  • Dec 1, 2013 7:44pm Dec 1, 2013 7:44pm
Quoting Magix
{quote} My trading is based on confidence and reality...steered through the eyes of multiple time frames. I get in, take profit, get out. A win by a single point, is still a win. Continue on the same track we left off, you'll get there brother. Market takes persistence and perseverance enough to piss a hole in a rock. Accomplish this by what ever vehicle you have available.
Good to see your still going mate.

Trying to sort of predict the future but not really, is a hard game.

Need to quit the business, this stop starting weeks with no chance to trade then starting again, is no good for the confidence side at all.


Must sleep, laters dude!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,311
  • Dec 1, 2013 7:47pm Dec 1, 2013 7:47pm
Quoting Magix
{quote} You've missed it. I was actually siding with you. Walmart doesn't pay for stock until said stock is sold. Sure, the bill is always lurking, but the check will be written when the profit is already in the bank. Your ideas on how things works, might be with you in your interpretation as applied to your trading method. I think it best you live in this cloud of ignorance. When reality sets in, it'll only fuck you. I am finished with you. You really don't need to reply to me anymore.
I always reply.

What about intel ? All the chips they have stacked up in factory needn't be paid for until sold ? Business credit is not available for free to everyone. Often this is only extended to businesses who have already established with a good standing. It requires capital to do business and the capital don't usually stay cash.

Uhoh, banks are having a run against my nzd. -44 pips, but no care.
  • #1,312
  • Dec 1, 2013 7:49pm Dec 1, 2013 7:49pm
Quoting Magix
{quote} That is nedging. Strangely enough...it works. As long as, as Joe has mentioned, you aren't selling bottoms and buying tops, almost any position given enough time will be profitable. Do this enough times per year and you will find prosperity. It really is in the Money Management. Joe knows what he is talking about, it is a valid market strategy. Just doesn't conform with the making a zillion overnight like attracts so many to market. 7% per year. Valid.

Maybe even 20% per year, but not much more, as 95% of us are POOR it's not real use to us.


So he's after not High's or Low's but Mid points then it'll move 1 way, take profit, then bounce back to the other side and take that profit and repeat.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,313
  • Dec 1, 2013 7:51pm Dec 1, 2013 7:51pm
Quoting BeginnerJoe
{quote} I always reply. What about intel ? All the chips they have stacked up in factory needn't be paid for until sold ? Business credit is not available for free to everyone. Often this is only extended to businesses who have already established with a good standing. It requires capital to do business and the capital don't usually stay cash. Uhoh, banks are having a run against my nzd. -44 pips, but no care.

Really Joe...Stop

Companies that manufacture, hold products that they have manufactured based on credit from somebody elses resources.

In market, especially as related to FOREX, this is like the leverage that your broker affords you.

The profit pays the bills and keeps investors happy.
The bills get paid when the money rolls in.

Again, I am actually on your side here Joe. No need to argue with me, save your typing for others that are unclear on your idea of trading.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,314
  • Dec 1, 2013 7:53pm Dec 1, 2013 7:53pm
Quoting Turveyd
{quote} Maybe even 20% per year, but not much more, as 95% of us are POOR it's not real use to us. So he's after not High's or Low's but Mid points then it'll move 1 way, take profit, then bounce back to the other side and take that profit and repeat.

The answers you seek are in your signature.

Repeat these instead of wasting time coaching others who don't need nor want the help.

This is the key to your success.

Honestly.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,315
  • Dec 1, 2013 7:54pm Dec 1, 2013 7:54pm
Quoting BeginnerJoe
{quote} I always reply. What about intel ? All the chips they have stacked up in factory needn't be paid for until sold ? Business credit is not available for free to everyone. Often this is only extended to businesses who have already established with a good standing. It requires capital to do business and the capital don't usually stay cash. Uhoh, banks are having a run against my nzd. -44 pips, but no care.

Cash flow kills many a good business, might be ending mine soon but change is good!!

No trades here, 1/2 asleep, didn't plan to be up this late.

trading is loads easier than an actual business, haven't got to deal with people.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,316
  • Dec 1, 2013 7:55pm Dec 1, 2013 7:55pm
Quoting Turveyd
{quote} Cash flow kills many a good business, might be ending mine soon but change is good!! No trades here, 1/2 asleep, didn't plan to be up this late. trading is loads easier than an actual business, haven't got to deal with people.
Well I had more pips coming in from both the bidirectional and unidirectional cash generators. The key in trading is having a position. If you don't have that, you don't have a sausage. Being a good business man means one has to be good at knowing how large an inventory to have.
  • #1,317
  • Dec 1, 2013 7:58pm Dec 1, 2013 7:58pm
Quoting Magix
{quote} The answers you seek are in your signature. Repeat these instead of wasting time coaching others who don't need nor want the help. This is the key to your success. Honestly.

I don't these days, gone off people, especially woman!!

Well done, for actually getting out of him how he trades, can't see any use for me sadly at this stage, but would make a nice easy to code EA for when I'm rich and living on a beach maybe.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,318
  • Dec 1, 2013 7:58pm Dec 1, 2013 7:58pm
Quoting Turveyd
{quote} Cash flow kills many a good business, might be ending mine soon but change is good!! No trades here, 1/2 asleep, didn't plan to be up this late. trading is loads easier than an actual business, haven't got to deal with people.
Yes and no. I have run my own business for 16 years and dealing with the public can be, as you allude to.....difficult. But the public can be/is/are two faced and when you turn your back, they stick a knife in it! But with with FX trading you know exactly where you stand, and the market doesn't give a shit!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,319
  • Dec 1, 2013 8:00pm Dec 1, 2013 8:00pm
Quoting BeginnerJoe
Being a good business man means one has to be good at knowing how large an inventory to have.
No it doesn't. It means one has to know the *correct* inventory to have
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,320
  • Dec 1, 2013 8:01pm Dec 1, 2013 8:01pm
Quoting BeginnerJoe
{quote} Well I had more pips coming in from both the bidirectional and unidirectional cash generators. The key in trading is having a position. If you don't have that, you don't have a sausage. Being a good business man means one has to be good at knowing how large an inventory to have.

Sometimes watching is good without a position you learn more.

Programming here, so no inventory at all thankfully, I do develop bespoke Stock Control and Just In Time order systems for other companys though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
0 traders viewing now