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Trading without stop-losses

  • #361
  • Apr 10, 2016 4:09am Apr 10, 2016 4:09am
Quoting tradability
So you want everyone to read another loser's article who doesn't trade for a living nor trade successfully and become like you and them right? So to you this is a game of follow the losers in trading and do as they do rather than learn from those making a living from trading? The bottom line is you're not a successful trader using a SL so why would you be advising others to be like you? I mean if you came on here and advising others to use SL like you are using it and being a successful a trader from this point of view that's fine. But that is far...
you really are a horrible offensive smug little individual arn't you! I too traded like you about 10 years ago but I learnt my lessons and with experience comes humility things you are obviously yet to learn, good luck trading without stops eventually you will get wiped out everyone who trades without either a stop or an adequate hedging strategy gets wiped out. Arrogance and pride comes before a fall qualities you presently possess in abundance
  • #362
  • Apr 10, 2016 4:20am Apr 10, 2016 4:20am
Quoting Ren1058
{quote} you really are a horrible offensive smug little individual arn't you! I too traded like you about 10 years ago but I learnt my lessons and with experience comes humility things you are obviously yet to learn, good luck trading without stops eventually you will get wiped out everyone who trades without either a stop or an adequate hedging strategy gets wiped out. Arrogance and pride comes before a fall qualities you presently possess in abundance

Not everyone is as stupid as you. Just because you failed at trading doesn't mean everyone will. I told you I trade for a living and
you failed to understand that, I understand why you failed to understand it, it is because you have come to learn to be a losing trader and that is the only thing you know how to do....While I am trading live I can choose to have a SL or not, I can close out trades without having a SL. So I don't need a SL when I am waiting to close out my trades but I have to admit I have the market go against me many pips only to come out on top and to do that you need to have a very good understanding of the instrument and know your MM PERFECTLY not an idiot that has read all the failures of trading life and copies them.

I'm only offensive to fools so I can be nice to good people but you already chose your way hence my reaction towards you.
P.S I have more trading experience then you have lived on this earth silly hag...again you show your stupidity not knowing someones age yet you draw wrong conclusions.
  • #363
  • Apr 10, 2016 5:49am Apr 10, 2016 5:49am
Traded though the GFC. flash crash, Swiss rate decision, etc
With out a stop loss.
I still takes losses, not many days go by when I don't take one.
But take them on my terms.
Been trading this way to long now to change.
Not saying saying it's for everyone, but work's well for me.
Only trade one instrument(FDAX) direct and market maker.
  • #364
  • Apr 10, 2016 7:11am Apr 10, 2016 7:11am
Trading without a stop loss is doable. Simple as that. What it takes is what most traders don't want to do though - you have to adjust your expectations and trade your account in a manner that the largest of spikes won't take you out.

Mental stops are important imo but when you place a stop loss order into your platform, you just said the equivalent of "move price to here and you can have the money in my wallet" in this line of trading (retail FX). <<< If that weren't true, why do so many say price hit their SL, turned and went to their target?
"Holy Grail" exists - accepting where is the first step.
  • #365
  • Apr 10, 2016 7:24am Apr 10, 2016 7:24am
Quoting bustech
Traded though the GFC. flash crash, Swiss rate decision, etc With out a stop loss. I still takes losses, not many days go by when I don't take one. But take them on my terms. Been trading this way to long now to change. Not saying saying it's for everyone, but work's well for me. Only trade one instrument(FDAX) direct and market maker.

Why the FDAX? What advantage does that instrument have over others?
  • #366
  • Edited 4:32pm Apr 10, 2016 4:21pm | Edited 4:32pm
Quoting tradability
{quote} Why the FDAX? What advantage does that instrument have over others?
Hi tradability

DAX is an instrument I have followed a number of year's.
And was something I was able to trade in the evening for a couple of hours while working during the day in Australia.
Also offered a bit more movement than the FTSE.

FDAX is direct market and also just 17.5 euro per contract, full size 25 euro.

You can go down to a dollar a point point on the market makers, some even less.

But you have no market depth or time and sales, only a chart.

Born out of a tape reader, but also use chart's now, bit more lazy these day's

We have are bad day's but more day's are made up of love.

I use the market maker for probe order's to get a feel and try and try and play myself in.

And increase size when I'm in sync with the game.
  • #367
  • Apr 10, 2016 5:32pm Apr 10, 2016 5:32pm
Quoting bustech
{quote} Hi tradability DAX is an instrument I have followed a number of year's. And was something I was able to trade in the evening for a couple of hours while working during the day in Australia. Also offered a bit more movement than the FTSE. FDAX is direct market and also just 17.5 euro per contract, full size 25 euro. You can go down to a dollar a point point on the market makers, some even less. But you have no market depth or time and sales, only a chart. Born out of a tape reader, but also use chart's now, bit more lazy these day's We have...

Who offers the FDAX? I know almost all brokers offer the main ones but I haven't seen DAX on offer and I know the DAX is or used to be one of the main ones now you've explained what the "F" is for.
  • #368
  • Apr 10, 2016 5:41pm Apr 10, 2016 5:41pm
Just a future month contract.

http://www.eurexchange.com/exchange-...-Futures/17206

Only used Infinity and FP in the last 4 or 5 years.

http://fpcdn.firstprudentialm.netdna...ide.pdf?bd658e

http://www.infinityfutures.com/docum...exdaxflyer.pdf

Sorry should be 12.50
  • #369
  • Apr 10, 2016 6:51pm Apr 10, 2016 6:51pm
Quoting tradability
{quote} OK I know you're not going to like what I'm about to say and no offence to you BUT your broker whether a market maker or not is in existence to make money for himself and his liquidity providers and not in one way in any and many ways including spreads, slippage and taking you out of a trade which he keeps 100% of the profit so when you say only market makers do that really shows your lack of knowledge of a broker or should I say both broker and liquidity provider. If a broker doesn't make money in many ways he simply doesn't survive. I...
Re slippage - every trader should ask themselves about their broker - have I ever had positive slippage? I frequently get .1 to 2 pips positive slippage on opening and on my profit targets. About a year ago I even had a long limit set at 7633 and due to a news spike (which I probably hadn't planned my limit well for) it was closed at 7689, a massive 56 pips positive slippage!

Slippage and risk management also beg the question when people talk about stop losses - do you use guaranteed stop losses? In my opinion if you want to use a stop loss there's not a lot of point (black swan events etc) unless it's guaranteed (only costs a few extra pips). Personally I trade predominantly with no stop loss but trade predominantly short A/U (the direction price would most likely go if there's some catastrophic event eg GFC)
Hope for the best, prepare for the worst.
  • #370
  • Apr 10, 2016 10:50pm Apr 10, 2016 10:50pm
Quoting bustech
Just a future month contract. http://www.eurexchange.com/exchange-...-Futures/17206 Only used Infinity and FP in the last 4 or 5 years. http://fpcdn.firstprudentialm.netdna...ide.pdf?bd658e http://www.infinityfutures.com/docum...exdaxflyer.pdf Sorry should be 12.50
Sorry my mistake I meant who offers FDAX on MT4... I haven't seen that yet. I used to trade the big ones long ago such as Russell2000, SP500, FTSE etc but so much costs involved and back then MT4's didn't have these as CFD's so one had to take on the futures with the leverage on offer.
I just recently got asked if my system would work on the futures but haven't given it a thought due to their time restraints of operation which is for a few hours a day plus running costs.
  • #371
  • Apr 10, 2016 10:58pm Apr 10, 2016 10:58pm
Quoting dab
{quote} Re slippage - every trader should ask themselves about their broker - have I ever had positive slippage? I frequently get .1 to 2 pips positive slippage on opening and on my profit targets. About a year ago I even had a long limit set at 7633 and due to a news spike (which I probably hadn't planned my limit well for) it was closed at 7689, a massive 56 pips positive slippage! Slippage and risk management also beg the question when people talk about stop losses - do you use guaranteed stop losses? In my opinion if you want to use a stop loss...

I understand and totally agree and once I tried to explain this to someone on the forum but the so called experts had no clue and were talking about brokers guarantee a SL in place, this made me laugh loud and clear!
When it comes to brokers not one single broker is honest. Simply put they are there in existence to make the maximum profits they can and they don't exist to lose money period!
Actually I would like to share a trade I made on two brokers at the precise same time entering and exiting only to make more profits from one then the other. If my technology was good enough I will endeavour to past it here soon to show how two brokers can vary so much and both are scammers in their own way yet one is well regulated.
  • #372
  • Apr 10, 2016 11:21pm Apr 10, 2016 11:21pm
Quoting tradability
{quote} OK I know you're not going to like what I'm about to say and no offence to you BUT your broker whether a market maker or not is in existence to make money for himself and his liquidity providers and not in one way in any and many ways including spreads, slippage and taking you out of a trade which he keeps 100% of the profit so when you say only market makers do that really shows your lack of knowledge of a broker or should I say both broker and liquidity provider. If a broker doesn't make money in many ways he simply doesn't survive. I...
I only have ONE question to you. My broker invest on its own traders, on fact it does it on the best ones. Las month (March) the invested 600.000 Euros on the 22 best traders, and they do it every single month. Based on that, how can you explain why would they cheat on their own investments?
  • #373
  • Apr 11, 2016 12:44am Apr 11, 2016 12:44am
Quoting forexintradi
{quote} I only have ONE question to you. My broker invest on its own traders, on fact it does it on the best ones. Las month (March) the invested 600.000 Euros on the 22 best traders, and they do it every single month. Based on that, how can you explain why would they cheat on their own investments?

Let me guess that's Darwinex...lol right? You are easily gullible... have you seen the DD on some of those accounts they pretend to invest in?
Let me get straight to the point because you seem too blind to see through them... HALF THE ACCOUNTS THEY INVESTED IN HAVE BEEN BLOWN...but let me guess your too ????? to have seen that right?
They wanted me to come across like all scammers they want to make money off anyone, YES even you and I. I will say this the last time because so many here and on other forums are too stupid to understand...we as traders are on the same side, the brokers on the other hand are on the other side of the fence. They make money from you, me and all other traders so I'm not your enemy, they are. Go blow them up for allowing so many traders lose so many peoples (investors) money BUT no you're too foolish to have studied this.

Brokers ring and ring and email all accounts holders if they don't hear from you nor if you didn't trade an account for some time...why ? Because they like the looks of you or is it because they want you to take money off them?

I am on your side trader now get lost and bark at those that lose our money, I haven't taken a cent of you or anyone else other than the brokers. So don't take me the wrong way but if you did that's your problem because you failed to bark at the wrong side. There is no such thing as a free meal they the brokers have a reason for existing otherwise you would be trading with the banks !
  • #374
  • Apr 11, 2016 12:53am Apr 11, 2016 12:53am
Similar way I trade but different market.

Inserted Video
  • #375
  • Apr 11, 2016 2:54am Apr 11, 2016 2:54am
Quoting Ren1058
For anyone seriously contemplating trading without a SL I suggest you read this: {image}
trading without a SL is like sex without condom
  • #376
  • Apr 11, 2016 1:21pm Apr 11, 2016 1:21pm
Quoting tradability
{quote} Let me guess that's Darwinex...lol right? You are easily gullible... have you seen the DD on some of those accounts they pretend to invest in? Let me get straight to the point because you seem too blind to see through them... HALF THE ACCOUNTS THEY INVESTED IN HAVE BEEN BLOWN...but let me guess your too ????? to have seen that right? They wanted me to come across like all scammers they want to make money off anyone, YES even you and I. I will say this the last time because so many here and on other forums are too stupid to understand...we...
I am going to explain you something to be clear enough:

  1. Yes, it is Darwinex, it is not a secret, it is public information. And I am one of the traders they have invested on, and they give me 20% comission on profit I do for next 6 months.
  2. My broker is not my friend, nor you...but they are putting money on my pocket, and you are trying to explain why they are my enemy?...allow me to hahaha
  3. You look like you are done on this business and are so negative you want all traders feel the same pain. I am sorry ¨my friend¨, but I am making money on my trading, and now I am making money on invested money my broker put on me...

So, walk away because I am not on your side, my side is the winners side, not yours. Bye

  • #377
  • Edited 3:55pm Apr 11, 2016 3:34pm | Edited 3:55pm
Quoting forexintradi
{quote} I am going to explain you something to be clear enough: Yes, it is Darwinex, it is not a secret, it is public information. And I am one of the traders they have invested on, and they give me 20% comission on profit I do for next 6 months. My broker is not my friend, nor you...but they are putting money on my pocket, and you are trying to explain why they are my enemy?...allow me to hahaha You look like you are done on this business and are so negative you want all traders feel the same pain. I am sorry my friend, but I am making money on...

I love it when people bullshit me... if you were making money which there is slight chance that you are non the less very slim chance, you would have shown it to attract investors. What you have done is lost big , lost more and then some more then made a little money thinking you're making money constantly. I am so sure you are not making a living out of trading because you have so little understanding of any broker or business operation and judging by your fibo posts seems like your brain went into fibo mode. I too am making money from a broker and I have seen his scam on my account (live and using my indicators) BUT still I make money so your stupidity lies with the fact that even if you are successful doesn't mean they aren't your enemy. You seem to think all brokers are there to give away you and everyone money (lol idiot) which again shows your lack of business sense. Sure some will make money and they will make a very very small amount compared to what they make but you seem t think that is everyone will and even if you made some profits it is short term compared to them continuously draining nearly all traders.
I believe your making money ...hmmm lets see you are showing at least 4 year winning record with withdrawals aren't you and you trade for a living right? Hence why you troll the net posting comments everywhere, here and there in between green pips but you have no red pips yes? and i'll bet you're going to say I don't have to prove anything to me or anyone ....lol that's the losers line, I am waiting for it from you.
LOL @ your side is the winner's side.... the broker always wins but only very few traders win and that is usually short term short term compared to them winning all the time...and just looking at the crap you dish out IF you were on the winners side you would be a short term winner, VERY short time no more then say 3 or 4 at most years.
But please do prove me wrong since I'm on the other side the losers side, by the way I am audited annually which costs heaps of money much more than you make in trading...I'm sure you are too right? and one last thing Mr Winner, you were so desperate for a 20k trading account from a broker shows clearly you're a winner lol ...by the way are you that trader I saw on Darwinex with DD of 98.9%? hmmmm lol oh which account the second ? third?
  • #378
  • Apr 11, 2016 4:09pm Apr 11, 2016 4:09pm
Quoting tradability
{quote} I love it when people bullshit me... if you were making money which there is slight chance that you are non the less very slim chance, you would have shown it to attract investors. What you have done is lost big , lost more and then some more then made a little money thinking you're making money constantly. I am so sure you are not making a living out of trading because you have so little understanding of any broker or business operation and judging by your fibo posts seems like your brain went into fibo mode. I too am making money from...
Thanks for your posting, it describes perfectly and accurately who you are, and how much you know about this business, regardless your lack of respect and education. This is my last answer to you, you dont deserve my or other traders time, because you are worthless, bitter and a big losser...nobody here want you around...Good bye and good luck (youll really need it).
  • #379
  • Apr 11, 2016 4:18pm Apr 11, 2016 4:18pm
I just want to apologize to all traders for my back and forth comments with ¨tradability¨. It does really annoy me that kind of people (not only traders) who are in this world just to bother everybody with their mediocre minds. I won´t answer him anymore, so I won´t lower the level of this thread.
I am really sorry about it, but I hate mediocrity and negativity.
  • #380
  • Apr 11, 2016 6:13pm Apr 11, 2016 6:13pm
Quoting forexintradi
{quote} Thanks for your posting, it describes perfectly and accurately who you are, and how much you know about this business, regardless your lack of respect and education. This is my last answer to you, you dont deserve my or other traders time, because you are worthless, bitter and a big losser...nobody here want you around...Good bye and good luck (youll really need it).

Thanks your showing how stupid you are and being blind to the scammers. You pretend to be someone other than who you are. You have little wit, knowledge and skill to use to generate an income from trading...in fact all you are here and anywhere else is an internet troll. That is what you do best, this is what you excel at. Also whether anyone wants me around or not I am not here to please you nor entertain monkeys like yourself so if you don't like it go cry to your mummy who might care but I don't. I am here to do a job and am totally focused on it. Neither you nor your like will never make me deviate from it and I certainly don't need luck stupid and it seems you rely on luck. What I do rely on is my wisdom, experience and tenacity which made me successful already and I don't need to chase 20k fake accounts with a wanna be broker who rewards those with big gains that have big risks and huge DD who risk investors money.
So go back to your low life tank and stay in it.

P.S Good luck with your trading since you rely on luck lol
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