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Trading Without a StopLoss

  • #1,361
  • Dec 2, 2013 9:53am Dec 2, 2013 9:53am
Markets are open, don't let this affect your main goal......


being trading and losing money so i can have it pls, or just paypal me direct, thanks!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,362
  • Dec 2, 2013 9:56am Dec 2, 2013 9:56am
Quoting BeginnerJoe
{quote} Laughing is good. It's good for relieving mental stress, and saves you from taking pills. But be careful, though. This forum has some fairly strict rules. If you break them, you will get banned quickly. Then you will be laughing all by yourself. That will not no fun.
Seems like a moment of enlightenment for you...
Anyway, I'm unlikely to get banned as EVERYTHING I wrote is generously supported by yours and Magix's quotes.
The single most important factor is having control of your own life.
  • #1,363
  • Dec 2, 2013 10:05am Dec 2, 2013 10:05am
Quoting Turveyd
Markets are open, don't let this affect your main goal...... being trading and losing money so i can have it pls, or just paypal me direct, thanks!
If that's for me:
I don't trade after London close either way and DEFINITELY will NEVER make a deal with my trading if I, otherwise,must monitor price.
Don't worry.
The single most important factor is having control of your own life.
  • #1,364
  • Dec 2, 2013 10:13am Dec 2, 2013 10:13am
Quoting Mikkk01
{quote} If that's for me: I don't trade after London close either way and DEFINITELY will NEVER make a deal with my trading if I, otherwise,must monitor price. Don't worry.

It's kinda a rule, they don't like none trading talk on the forum while the markets are open, it's my rule to, it distracts from the job in hand.


Of watching GA totally fail to turn back up
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,365
  • Dec 2, 2013 10:36am Dec 2, 2013 10:36am
Quoting GEfx
{quote} Well, that makes no sense at all. The metric I suggested means, in short, "My approach results in consistent, net positive increases to my margin account". You pick a time frame with which you have experience, and use it in answering the question. Volatility might help explain why you achieve net positive or net negative results, but is not sufficient to explain net impact on your margin account. Your comment about "strong positive expectancy" is very suspect. I will ask again -- and this is an opportunity to establish some credibility here...
I keep inventory and have exposure 24/7. The NAV changes all the time. I am satisfied with the trajectory of where my NAV is going.

I can't say I am in the same league as your group since people in it probably have been in the game far longer than I have. I have been playing trading for a couple of years starting from knowing zero. So I am still at the very early stages of transforming playing into a living. None of what I do is set in stone and everything is in long term testing and low rate scaling up. Basically everything is changing all of times and fixed metrics are not useful and I don't have any.

I find it curious that lots of people know someone who trade brilliantly, while they themselves could not achieve what their acquaintance can. Until I come across these brilliant people in person, I remain sceptical that they are as brilliant as they are said to be. I am of the view that there are very few ways to make money. Those who can will be immediately parent to me.

Anyway, my testing of the bidirectional strategy is very encouraging, and I will phase out my unidirectional strat when circumstances allow. Although my current favourite is the millipede powered strat. This thing will be capable of heavy hitting. I am convinced I will be able to use it for saturation bombing of the banks.
  • #1,366
  • Dec 2, 2013 10:45am Dec 2, 2013 10:45am
Quoting BeginnerJoe
{quote} This thing will be capable of heavy hitting. I am convinced I will be able to use it for saturation bombing of the banks.
Got to give up your unhealthy fixation with the banks, don't trade against them, trade with them, taking money out of the system not adding to it is all you can do!

2 trades today ( being LAZY ), 2 profits, no SL's hit despite your guarantee and they where tight +3.7% to the account.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,367
  • Dec 2, 2013 10:47am Dec 2, 2013 10:47am
Quoting BeginnerJoe
{quote} I find it curious that lots of people know someone who trade brilliantly, while they themselves could not achieve what their acquaintance can.

GDR32 is the only person I know who I can vouch for is highly profitable, can't work out how he does it, mainly I think it's just unlimited amounts of confidence, he'll say, put in a order for XX at XX and I'm thinking it'll never hit that and it dips down hits it and reverses perfectly far to ofter to be random chance.

But that is quite sad, on the entire forum it's the only person I can say I really think is profitable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,368
  • Dec 2, 2013 10:53am Dec 2, 2013 10:53am
Quoting Turveyd
{quote} It's kinda a rule, they don't like none trading talk on the forum while the markets are open, it's my rule to, it distracts from the job in hand.
That's just reasonable, which may not be that clear to some irrational guys here.
The single most important factor is having control of your own life.
  • #1,369
  • Dec 2, 2013 10:56am Dec 2, 2013 10:56am
Quoting Turveyd
{quote} GDR32 is the only person I know who I can vouch for is highly profitable, can't work out how he does it, mainly I think it's just unlimited amounts of confidence, he'll say, put in a order for XX at XX and I'm thinking it'll never hit that and it dips down hits it and reverses perfectly far to ofter to be random chance. But that is quite sad, on the entire forum it's the only person I can say I really think is profitable.
You are not profitable, nor do you have the basic understanding of the markets. So your vouch has a negative value. I hope you don't vouch for anyone else.
  • #1,370
  • Dec 2, 2013 10:57am Dec 2, 2013 10:57am
Quoting Turveyd
{quote} But that is quite sad, on the entire forum it's the only person I can say I really think is profitable.
Check out Genesis thread to make sure there's plenty of profitable (HIGHLY) traders here: http://www.forexfactory.com/showthread.php?t=373796
And there's not much doubt in their results even considering the don't have Explorers. The give more - live trades... and a lot of them!
The single most important factor is having control of your own life.
  • #1,371
  • Dec 2, 2013 11:00am Dec 2, 2013 11:00am
Quoting BeginnerJoe
{quote} You are not profitable, nor do you have the basic understanding of the markets. So your vouch has a negative value. I hope you don't vouch for anyone else.
Neither are you.
Your hopes will be justified as vouching system no longer exists.
And after what you wrote here you dare judge somebody?
The single most important factor is having control of your own life.
  • #1,372
  • Dec 2, 2013 11:01am Dec 2, 2013 11:01am
Quoting BeginnerJoe
{quote} You are not profitable, nor do you have the basic understanding of the markets. So your vouch has a negative value. I hope you don't vouch for anyone else.

My account is at all time highs, which suggests I might be you know profitable although not enough as yet to shout about.

My Vouch, as in real life I can vouch for him as I've seen him trade live, not V's on here, which you have, errrm ZERO LOL

And I have a very good understanding, it's just different to what you think is reality. cause well yeah!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,373
  • Dec 2, 2013 11:03am Dec 2, 2013 11:03am
Quoting Mikkk01
{quote} Neither are you. Your hopes will be justified as vouching system no longer exists. And after what you wrote here you dare judge somebody?
Hadn't noticed the vouching system had gone, good stupid system, X Loser thinks the same as X loser so vouches for X loser then you've got 1000's losers all with high V's preaching to others based on there V's how to lose money, arrggghhhhhhhhhhhh!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,374
  • Dec 2, 2013 11:08am Dec 2, 2013 11:08am
Quoting Turveyd
{quote} Hadn't noticed the vouching system had gone, good stupid system, X Loser thinks the same as X loser so vouches for X loser then you've got 1000's losers all with high V's preaching to others based on there V's how to lose money, arrggghhhhhhhhhhhh!!
Before I came across Magix I thought it was kinda cool
The single most important factor is having control of your own life.
  • #1,375
  • Dec 2, 2013 11:16am Dec 2, 2013 11:16am
Quoting Mikkk01
{quote} Before a came across Magix I thought it was kinda cool

Magix's okay normally, I think he just really likes Nedging systems and he's sticking up for a fellow Nedger for some weird reason.


BJ, attached is my account values since I started using my latest method, which is still under development and being improved when I see it.


+$76 ( nothing but small test account ) or +20%, in about 1 months, but only traded on 5 days max 10hours so call it 2 full days. 80% win rate.
Attached Image
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,376
  • Dec 2, 2013 11:27am Dec 2, 2013 11:27am
Quoting GEfx
{quote} Well, that makes no sense at all. The metric I suggested means, in short, "My approach results in consistent, net positive increases to my margin account". You pick a time frame with which you have experience, and use it in answering the question. Volatility might help explain why you achieve net positive or net negative results, but is not sufficient to explain net impact on your margin account. Your comment about "strong positive expectancy" is very suspect. I will ask again -- and this is an opportunity to establish some credibility here...
I dont think he is capable of giving you a good answer.....soley on the fact that you are actually making sense and talking in concrete terms, ambiguity is the friend of B/S therefore I suspect his answers will be convoluted "non-answers". I also suspect you might be wasting your time.
AVT INVENIAM VIAM AVT FACIAM
  • #1,377
  • Dec 2, 2013 11:30am Dec 2, 2013 11:30am
BJ's been temporarily suspended by senior members LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,378
  • Dec 2, 2013 11:31am Dec 2, 2013 11:31am
Quoting Turveyd
{quote} Magix's okay normally, I think he just really likes Nedging systems and he's sticking up for a fellow Nedger for some weird reason. BJ, attached is my account values since I started using my latest method, which is still under development and being improved when I see it. +$76 ( nothing but small test account ) or +20%, in about 1 months, but only traded on 5 days max 10hours so call it 2 full days. 80% win rate. {image}

What I like and don't like, aren't really material to the conversation as much as I was to say that I understood what Joe is doing.

After that, I do have 5 trade explorers that work with a grid based Nedging Triggering system and for what it is worth, they are profitable systems.

The grandest score this year is with one of the Traders I started working with on another forum. He has taken one of my Nedging EAs and turned his account 2x, both times for $10k and both were since January of this year.

I am not as brave, but do use the same EA base and input a lot of manual exits in as well as pick the times and directions to run in to give them the highest rate of success. Again, it is a system and I use no stop losses.

I know direction, I know ranges and I know my charting.

Though I don't make a living off of the EAs, my manual trades mimic the course of these as they are quite successful on the triggering front.

The only real side I take with Joe, is that I appreciate that he has either developed or adopted a system that makes him money. Realistic gains of 7% per year can be a living. What I am most amused by, is how many times he had to be asked the same question, without anybody really figuring out what he was doing.

Simply Amazing!!

If you guys don't get it, simply don't apply it to your methodology. If you want to learn about it, ask him the questions or stop by either my OBOS or Christmas both thread. I'd be happy to help you out.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,379
  • Dec 2, 2013 11:41am Dec 2, 2013 11:41am
Quoting Turveyd
{quote} Magix's okay normally, I think he just really likes Nedging systems and he's sticking up for a fellow Nedger for some weird reason.{image}
I'm sorry, but he is NOT and simply CAN'T be.
If you are insisting that means you're basically saying the same thing the are.
Anyways he's simply instable and instability in trading means you suck. That's not normal by definition, especially considering so many people see what he's writing. He's absolutely irresponsible and unreliable as he've plunged in such a swamp and tied himself to such a great creature as BeginnerJoe and is so desperately and unsuccessfully trying to convince people here that he's guru [BeginnerJoe] is doing something reasonable. Of course he didn't manage to - cause he began to deny the facts and that's the situation similar to the one in trading when you stick to a losing trade thinking it'll go in your favour, which is, in turn, no wonder as these guys are doing that same exact thing.
You can't deny the sheer facts, please, don't do that, or you're just like them.
The single most important factor is having control of your own life.
  • #1,380
  • Dec 2, 2013 11:44am Dec 2, 2013 11:44am
Quoting BeginnerJoe
{quote} I keep inventory and have exposure 24/7. The NAV changes all the time. I am satisfied with the trajectory of where my NAV is going. I can't say I am in the same league as your group since people in it probably have been in the game far longer than I have. I have been playing trading for a couple of years starting from knowing zero. So I am still at the very early stages of transforming playing into a living. None of what I do is set in stone and everything is in long term testing and low rate scaling up. Basically everything is changing...
Understood. Good luck to you and I hope it works out for you.

Regarding the trading group, everyone in the group is a successful trader, it's just that some of the more experienced traders are comfortable trading without stops. They would never, however, leave a negative trade on their book for more that a day or two, since PA will nearly always afford an opportunity to get out of the negative position at B/E while you press any new trading opportunity. And unlike your approach, we are never "always in the market". We only trade when there is a reason to trade.

From this point on, I'll assume any subsequent arguing, etc. on this thread regarding your approach is unfounded and not worth the time to read, since you have provided no information (other than some cool sounding terminology) on what you are doing and how you are doing it. Again, good luck.
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