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Trading Without a StopLoss

  • #1,421
  • Dec 2, 2013 4:12pm Dec 2, 2013 4:12pm
Quoting Magix
{quote} Don't get all fucking pouty when somebody says something ya don't like or agree with. What are you, like 12 years old?
And you're doing...... WHAT, exactly?
When the Joker is in the deck.. fear not and play it well
  • #1,422
  • Dec 2, 2013 4:14pm Dec 2, 2013 4:14pm
Quoting Slim Buffett
{quote} And you're doing...... WHAT, exactly?
Answering. Your. Questions.

Exactly!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,423
  • Dec 2, 2013 4:16pm Dec 2, 2013 4:16pm
When I just started trading, I never used a stoploss, and I got a Margin Call, but mostly due to a lack of knowledge and experience! Now, I still don't use stoploss, but only because I make good trades, and never really end up losing anymore.
  • #1,424
  • Dec 2, 2013 4:20pm Dec 2, 2013 4:20pm
Quoting Magix
{quote} Answering. Your. Questions. Exactly!

You answer no real answers though. Only the same constant kind of rhetoric that you learned from Joe

Right?
When the Joker is in the deck.. fear not and play it well
  • #1,425
  • Dec 2, 2013 4:24pm Dec 2, 2013 4:24pm
So BJ dropped his stupid answers cause he recognized Magic as a guru to him, or atleast not a SL user, therefore not in his eyes a losing trading, cause everyone who used SL's is a loser according to him, and Magic wonders why we have issues with him.


Magix, we've tried all weekend to get any info of him, he has zero respect for SL users thats all.


You be on the wrong side dude in this case!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,426
  • Dec 2, 2013 4:34pm Dec 2, 2013 4:34pm
Quoting Slim Buffett
{quote} You answer no real answers though. Only the same constant kind of rhetoric that you learned from Joe Right?
Bullshit!

I learned rhetoric long before Joe's arrival.

And, I did answer your question.

Gamble = YES.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,427
  • Dec 2, 2013 4:38pm Dec 2, 2013 4:38pm
Quoting Turveyd
So BJ dropped his stupid answers cause he recognized Magic as a guru to him, or atleast not a SL user, therefore not in his eyes a losing trading, cause everyone who used SL's is a loser according to him, and Magic wonders why we have issues with him. Magix, we've tried all weekend to get any info of him, he has zero respect for SL users thats all. You be on the wrong side dude in this case!!

I only support Joe in him continuing to follow his own system, I'm not taking his side.

I support everybody who wants to trade with the logic they see fit, with or without a stop loss.

Thems be the only sides I am willing to take. I am not sure this game will actually come to a poll where one side will out number the other, and even if it did, I couldn't be sure that this would even count as a win for anybody.

Why would I take a side?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,428
  • Dec 2, 2013 4:42pm Dec 2, 2013 4:42pm
Quoting Magix
{quote} Bullshit! I learned rhetoric long before Joe's arrival.
Ahhhh !!!! NOW we're getting somewhere. Admission is "step #1. Congratulations.

And, I did answer your question. Gamble = YES.[/quote]Gamble = Depends on your method
Risk tolerance
Experience

and so on

There IS NO one way.
When the Joker is in the deck.. fear not and play it well
  • #1,429
  • Dec 2, 2013 4:49pm Dec 2, 2013 4:49pm
Quoting Slim Buffett
{quote} Ahhhh !!!! NOW we're getting somewhere. Admission is "step #1. Congratulations. And, I did answer your question. Gamble = YES.
Gamble = Depends on your method Risk tolerance Experience and so on There IS NO one way.
Yup
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,430
  • Dec 2, 2013 4:52pm Dec 2, 2013 4:52pm
Quoting Turveyd
{quote} Calling everyone else who uses SL's loser and more, while ignoring any reasonible request to actually make sense is where the issue is with him. .
Exactly.........
When the Joker is in the deck.. fear not and play it well
  • #1,431
  • Dec 2, 2013 4:53pm Dec 2, 2013 4:53pm
Quoting Magix
{quote} Yup

So are we done or not ??
When the Joker is in the deck.. fear not and play it well
  • #1,432
  • Dec 2, 2013 4:54pm Dec 2, 2013 4:54pm
Quoting Turveyd
{quote} You really need to go back and read what he was writing, no body was against him trading how ever he wants to trade. Calling everyone else who uses SL's loser and more, while ignoring any reasonible request to actually make sense is where the issue is with him. He started playing the white ( innocent man ) as soon as you popped up onto the bottom of the screen.

I don't need to do anything, turv.

I'd think by now, anybody who is willing to take the time to read through this much tripe, should be capable of making their own decisions.

As for me, I came into this place with a mindset, gunna be the same one I leave with.

To each their own.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,433
  • Dec 2, 2013 4:55pm Dec 2, 2013 4:55pm
Quoting Slim Buffett
{quote} So are we done or not ??
Are we done?

I didn't think we ever really started...but if I think of something, I will give you a holler.

K?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,434
  • Dec 2, 2013 4:58pm Dec 2, 2013 4:58pm
Quoting Magix
{quote} Are we done?.but if I think of something, I will give you a holler. K?

You do just that. I'll be watching. K/
When the Joker is in the deck.. fear not and play it well
  • #1,435
  • Dec 2, 2013 6:44pm Dec 2, 2013 6:44pm
So lets have a summary here....BJ has:

His methodology: Buy low sell high. No further explanation has been given, therefore his methodology is a huge FAIL.

So...He has no methodology....fine.

"99.9% of all traders lose"....as supported by his personal 'study' by looking at some some trading forums FAIL

"If you use a SL you are gambling".......like all of his nonsense, completely unsupported by facts. FAIL

"Every man and his dog thinks they know about how banks work.....but his test of the banks show that they are all wrong.....except him...of course! The bank tests allegedly undertaken by him are not forthcoming,so FAIL

Apart from the above, which he has repeated like a parrot for several hundred posts, he has nothing.....no charts, no diagrams...nothing.

Sure, sure it's easy to mouth off about how many pips he (allegedly) made....but that too is just talk...iow...FAIL.

In conclusion, it may well be possible to trade profitably and successfully without a SL. I cannot do that.....and I am not gambling and many of my trades are shown 'live' to demonstrate how I trade. What about Joe?.....well.....indeed....what about him?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,436
  • Dec 2, 2013 6:49pm Dec 2, 2013 6:49pm
Quoting realjumper
So lets have a summary here....BJ has: His methodology: Buy low sell high. No further explanation has been given, therefore his methodology is a huge FAIL. So...He has no methodology....fine. "99.9% of all traders lose"....as supported by his personal 'study' by looking at some some trading forums FAIL "If you use a SL you are gambling".......like all of his nonsense, completely unsupported by facts. FAIL "Every man and his dog thinks they know about how banks work.....but his test of the banks show that they are all wrong.....except him...of course!...
Don't forget a SL is a guarantee to sell low and banks will take the SL.

And people are actually supporting him and siding with him? it's a strange strange world we live in.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,437
  • Dec 2, 2013 6:51pm Dec 2, 2013 6:51pm
Quoting Turveyd
{quote} Don't forget a SL is a guarantee to sell low and banks will take the SL. And people are actually supporting him and siding with him? it's a strange strange world we live in.
Oh yes that's true....the banks are gunning for my 20 (+ or -) pips SL all the time.......interesting how they seem to miss 80% of the time though...go figure
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,438
  • Dec 2, 2013 6:56pm Dec 2, 2013 6:56pm
Quoting realjumper
{quote} Oh yes that's true....the banks are gunning for my 20 (+ or -) pips SL all the time.......interesting how them seem to miss 80% of the time though...go figure

I tried to get him to understand, it's his trading method and stop placement which are at fault, but wasn't going to listen.

I've had periods of 10+ SL hits in a row, but it's not the banks my method just didn't actually work, realised it brushed it off and tried something else.

I think I even tried no SL's once, didn't last long LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,439
  • Dec 2, 2013 7:01pm Dec 2, 2013 7:01pm
Must sleep, just had a text " don't forget I'm on training tomorrow, will drop the kids off at 7am " first I heard of it, 6hours sleep for me


Not even my kids, WOMAN!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,440
  • Dec 2, 2013 7:02pm Dec 2, 2013 7:02pm
Quoting realjumper
{quote} Oh yes that's true....the banks are gunning for my 20 (+ or -) pips SL all the time.......interesting how them seem to miss 80% of the time though...go figure

Banks, Schmanks...

Do you seriously believe that brokers don't sweep for SLs?

Not all...but, bucketshops.

It's a known fact. Refusing to fill at TPs and sweeping out of bounds for SLs...I been there. Shit, even anybody to use an EA knows this. Thus the reason that specific commands were made to hide these points.

It ain't some conspiracy theory.

I been in this boat, adapted my trade style to never use either point. I manually trigger out stops, and manually trigger out profits, and Even on those, watch the spread widen to razor off a shade of trade.

As far as you setting Stop Losses, RJ...

I believe that your trade system and idea of trading actually includes this concept as to supported and restrictive ranges. That and what is posted in a few of the other great learning threads at FF, allow others to at least have an idea.

As for the General Populous, I still maintain the same.

Setting a stop loss and tp on random trades with ambiguous numbers is nothing more than a gamble...but then again, given what I read on peoples trades, a lot of those are as random as coin toss trades anyways.

Gamble in and gamble out...

I'd be willing to bet that it is this kind of logic that keeps you out of the mainstream EURUSD thread and others of it's general calibre.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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