DislikedI was reading along with a few those comments regarding no stop losses. Imo it's madness not to be able to accept that a trade call can be wrong because none of us can be certain what will happen in the future or when the next earth quake will hit. Fair enough if your thinking when entering a trade that 300 pips is the limit, but it requires thoughts of money management and the possible capital that it will tie up. In Forex the slogan "What goes up must come down" doesn't hold true unless your ready to sit on a trade for weeks, months, years and...Ignored
One thing hundreds of pips drawdowns will teach newbies, Even though the trade was maybe still a good trade (direction-wise), is to be picking better entries (Timing), as well as not being over leveraged or holding too large a position in relation to the account size. Those lessons come fast, when these huge drawdowns occur.
my best lessons came from trades that were well under.
. The idea behind these sub-accounts is that every account should have the capacity for 2-3 trades and it's size is about 5% of the total capital used. this way - i think - the "stop loss" can be shared by the trades and might be more flexible than an individual one. some kind of "basket stop loss". it's only an idea, i need to work on this whether it make sense or not.