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Trading without stop-losses

  • #481
  • Jun 29, 2016 5:27pm Jun 29, 2016 5:27pm
Quoting mecrandie
{quote} The charts are actually from my real FXCM account. Check with FXCM if you don't believe me. It's real money. If you understand how to make demo money, you can safely translate that into real money in the live environment of the demo platform.
how can i check ur real account in FXCM, if u hide ur trade explorer in ff.......... that so funny..... lol,
  • #482
  • Jun 30, 2016 7:51pm Jun 30, 2016 7:51pm
Quoting tradability
{quote} Name calling? Hmmm you should be working on your literacy skills not your demo trading. If you have an real account that can make profits why not show everyone. Oh I know why most hide it so they don't get embarrassed when they blow it up as millions do. By he way with stop losses used all the time my accounts would have been wiped over and over and over, so I do use them but only at times and as one can see from my real not micro accounts non use of stop losses can work advantageous but not all the time.
Show your own charts for June 23rd, or ad your trade explorer if you really know what you are doing. This forum is for adults only.
Mecrandie
  • #483
  • Jun 30, 2016 7:54pm Jun 30, 2016 7:54pm
[quote=tontenk;9007357]{quote} how can i check ur real account in FXCM, if u hide ur trade explorer in ff.......... that so funny..... lol,
See my Forex Factory Explorer demo and sentiments here. Same strategies apply.
Mecrandie
  • #484
  • Jun 30, 2016 8:53pm Jun 30, 2016 8:53pm
Quoting fredix
Problem is that the opposite situation is also possible. I was long on London Stock Exchange, a nice winning position. But I neglected SL, which was kept very wide. So, my demo account lost 57% overnight. I should have made it very tight. Lesson learned: Never forget to update the stops.
Lesson learned : you had the right position and if you put in the stop you would have missed out . Believe in your convictions and downsize your position to give yourself a chance.
  • #485
  • Jun 30, 2016 11:31pm Jun 30, 2016 11:31pm
Quoting mecrandie
{quote} Show your own charts for June 23rd, or ad your trade explorer if you really know what you are doing. This forum is for adults only.

It seems this forum is not only for adults but your kind too lol
It seems you have no clue what you are doing and pretending that you have made it big in real and want the trading universe to check out your demo and you made the same in Live, BUT DEMO'S DON'T HAVE SLIPPAGE AND ALL THE WONDERFUL GADGETS THE BROKERS ADD ON'S LIKE THEY DO LIVE. But you would have known that if you were a good trader!
  • #486
  • Edited 11:37am Jul 1, 2016 9:19am | Edited 11:37am
Quoting tradability
{quote} It seems this forum is not only for adults but your kind too lol It seems you have no clue what you are doing and pretending that you have made it big in real and want the trading universe to check out your demo and you made the same in Live, BUT DEMO'S DON'T HAVE SLIPPAGE AND ALL THE WONDERFUL GADGETS THE BROKERS ADD ON'S LIKE THEY DO LIVE. But you would have known that if you were a good trader!
You are too ashamed and dubious to show your face, ID and location on your profile. Take off your mask if you are real. If demos are totally unreliable, they will not be used for front and back testing. The extras on live platforms are called default hedges, which you may choose to apply or not to apply. They provide additional protection and not necessarily additional strategies. If you don't know what you are doing in the demo, you will still not know what are doing on live platforms.
Even if some brokers chose to trade against you as a trader, they can not change you positions, unless you allow automatic trading on your account. Below is a link to the current FXCM recommendation to LIVE traders.<a href=&quot;https://www.dailyfx.com/sentiment?re...EloquaMy&quot; target=&quot;_blank&quot;>https://www.dailyfx.com/sentiment?re..._source=Eloqua My positions are 100% in agreement with their indicator signals. Individual traders are showing sentiments based on individual experienrces, without sticking to FXCM recommendations. That is how the market works. But you are too invisible and dubious to know it.
Mecrandie
  • #487
  • Edited 12:52pm Jul 1, 2016 10:46am | Edited 12:52pm
Quoting tradability
{quote} It seems this forum is not only for adults but your kind too lol It seems you have no clue what you are doing and pretending that you have made it big in real and want the trading universe to check out your demo and you made the same in Live, BUT DEMO'S DON'T HAVE SLIPPAGE AND ALL THE WONDERFUL GADGETS THE BROKERS ADD ON'S LIKE THEY DO LIVE. But you would have known that if you were a good trader!
COMPARE LIVE AND DEMO RESULTS WITH SAME STRATEGIES ON FXCM

https://fxpa.fxcorporate.com/fxpa/re...ader_fxcml.jpg
Combined Account Statement
Statement Period:from Jun 21, 2016 5:00:00 PM through Jul 1, 2016 1:36:10 PM
User Name:mecrandie
Forex Capital Markets LLC
55 Water St. FL 50 New York, NY 10041 United States

Trade account #: 170905xxxxCreated at: Apr 2, 2014 7:08:37 PMStatus: ActiveBase currency: USD


OPEN/FLOATING POSITIONS - LIVE ACCOUNT

Ticket #SymbolVolumeDateSoldBoughtFloating P/LCommDividendsRolloverNet P/LConditionCreated By

70745435CAD/JPY1,0006/10/16 10:39 AM84.048 45.850.000.00-0.9344.92Mkt170905xxxx
7/1/16 1:36 PM 79.349
71021102AUD/NZD1,0006/21/16 2:40 AM1.05062 3.930.000.000.074.00Mkt170905xxxx
7/1/16 1:36 PM 1.04513
71115541USD/CAD1,0006/23/16 5:57 PM 1.2740313.660.000.00-0.0213.64SE170905xxxx
7/1/16 1:36 PM1.29167
71116475GBP/JPY1,0006/23/16 6:13 PM159.515 229.430.000.00-1.64227.79SE170905xxxx
7/1/16 1:36 PM 136.002
71124667USD/JPY1,0006/23/16 8:17 PM105.170 26.130.000.00-1.4324.70Mkt170905xxxx
7/1/16 1:36 PM 102.492
71124789AUD/JPY1,0006/23/16 8:19 PM79.303 24.760.000.00-1.3823.38Mkt170905xxxx
7/1/16 1:36 PM 76.765
71193156AUD/USD1,0006/24/16 2:58 PM0.75022 1.210.000.00-0.310.90Mkt170905xxxx
7/1/16 1:36 PM 0.74901
71249263EUR/AUD1,0006/27/16 6:16 PM1.50169 10.280.000.000.5010.78Mkt170905xxxx
7/1/16 1:36 PM 1.48796
71249267NZD/USD1,0006/27/16 6:17 PM 0.6990817.500.000.000.1117.61Mkt170905xxxx
7/1/16 1:36 PM0.71658
71262031NZD/JPY2,0006/28/16 1:55 AM 71.96328.780.000.000.9129.69Mkt170905xxxx
7/1/16 1:36 PM73.438
71286971EUR/NZD1,0006/28/16 2:24 PM1.57235 12.500.000.000.3212.82Mkt170905xxxx
7/1/16 1:36 PM 1.55491
71409038EUR/USD1,0007/1/16 11:20 AM1.11507 0.760.000.000.000.76Mkt170905xxxx
7/1/16 1:36 PM 1.11431

Total: 414.790.000.00-3.80410.99

Posted at statement period of time:0.000.00-3.58

Ending Balance175.40
Floating P/L414.79
Equity590.19
Necessary Margin176.00
Usable Margin414.19
Necessary Margin (Maintenance)352.00
Usable Margin (Maintenance)238.19
Notes:
Please check this statement carefully and contact us immediately should you find any errors or omissions. Your account is currently utilizing Dealing Desk Forex Execution, if you have any questions regarding your execution type, please visit http://www.fxcm.com. The spread, which is variable, is the transaction cost (generally 1-2) pips for major currency pairs, which includes FXCM’s markup). Generally, 1 pip may be rebated to any introducer(s) of your account. Other charges shown may also be rebated to your introducer. Further details are available on request. Forex Capital Markets LLC. 55 Water Street, 50th Floor, New York, NY 10041. Forex Capital Markets LLC is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. NFA # 0308179

OPEN/FLOATING POSITIONS - DEMO ACCOUNT

Ticket #SymbolVolumeDateSoldBoughtFloating P/LCommDividendsRolloverNet P/LConditionCreated By

146219964AUD/USD10,0006/3/16 8:34 AM 0.73000185.80-0.400.004.64190.04SEd172757466001
7/1/16 1:02 PM0.74858
146422161NZD/USD10,0006/3/16 2:53 AM 0.68238345.40-0.600.006.14350.94Mktd172757466001
7/1/16 1:02 PM0.71692
146460468EUR/CAD10,0006/6/16 7:52 AM1.46821 224.68-0.600.005.36229.44Mktd172757466001
7/1/16 1:02 PM 1.43919
146491443EUR/NZD10,0006/7/16 7:27 AM1.63051 547.33-0.600.0015.48562.21Mktd172757466001
7/1/16 1:02 PM 1.55417
146580600AUD/JPY10,0006/9/16 3:10 AM79.616 280.77-0.600.00-21.69258.48Mktd172757466001
7/1/16 1:02 PM 76.738
146580807EUR/USD10,0006/9/16 3:19 AM1.13943 252.30-0.400.007.09258.99Mktd172757466001
7/1/16 1:02 PM 1.11420
146580823EUR/JPY10,0006/9/16 3:20 AM121.415 702.90-0.400.00-6.19696.31Mktd172757466001
7/1/16 1:02 PM 114.210
146637992CAD/JPY10,0006/10/16 9:57 AM84.042 456.28-0.600.00-9.23446.45Mktd172757466001
7/1/16 1:02 PM 79.365
146726988USD/JPY10,0006/15/16 4:58 AM106.307 370.91-0.400.00-17.55352.96Mktd172757466001
7/1/16 1:02 PM 102.505
146727231AUD/NZD10,0006/15/16 5:14 AM1.05187 54.99-0.600.000.9355.32Mktd172757466001
7/1/16 1:02 PM 1.04420
146727267NZD/CAD10,0006/15/16 5:18 AM 0.90309177.22-0.600.004.25180.87Mktd172757466001
7/1/16 1:02 PM0.92598
146813068GBP/NZD10,0006/20/16 3:55 PM2.06669 1,529.37-0.600.005.851,534.62Mktd172757466001
7/1/16 1:02 PM 1.85338
146813498AUD/CAD10,0006/20/16 4:34 PM 0.9541298.64-0.600.002.27100.31Mktd172757466001
7/1/16 1:02 PM0.96686
146824344GBP/JPY10,0006/21/16 5:34 AM154.125 1,749.31-0.400.00-18.381,730.53Mktd172757466001
7/1/16 1:02 PM 136.194
146894731GBP/USD10,0006/23/16 8:45 PM1.45829 1,295.90-0.400.001.131,296.63Mktd172757466001
7/1/16 1:02 PM 1.32870
146894984EUR/GBP10,0006/23/16 8:53 PM 0.77493845.53-0.600.00-4.28840.65Mktd172757466001
7/1/16 1:02 PM0.83857
146903665GBP/CAD10,0006/23/16 11:17 PM1.76762 397.56-0.600.00-0.45396.51Mktd172757466001
7/1/16 1:02 PM 1.71627
Total:9,514.89-9.000.00-24.639,481.26
Posted at statement period of time:0.000.00-39.26

Ending Balance22,213.52
Floating P/L9,514.89
Equity31,728.41
Necessary Margin2,360.00
Usable Margin29,368.41
Necessary Margin (Maintenance)4,720.00
Usable Margin (Maintenance)27,008.41
Notes:
"THIS IS A DEMO ACCOUNT WHICH IS TRADED WITH VIRTUAL FUNDS. NO REAL MONEY IS USED IN TRADING THIS ACCOUNT. Demo accounts are used primarily for education purposes, testing of strategies, and familiarizing traders with market movement and the FX Trading Station. There are inherent risks associated with online trading that may arise due to downtime, currency fluctuation and other risks associated with currency speculation. Only risk capital should be used when trading a real account."
Mecrandie
  • #488
  • Jul 1, 2016 3:39pm Jul 1, 2016 3:39pm
Quoting mecrandie
{quote} You are too ashamed and dubious to show your face, ID and location on your profile. Take off your mask if you are real. If demos are totally unreliable, they will not be used for front and back testing. The extras on live platforms are called default hedges, which you may choose to apply or not to apply. They provide additional protection and not necessarily additional strategies. If you don't know what you are doing in the demo, you will still not know what are doing on live platforms. Even if some brokers chose to trade against you as...
I don't need to show my face idiot what I did show is big LIVE accounts not some scammy demo accounts and try to pretend that my live accounts are the same. You're not in the same league fool I don't do 50 cents accounts and I certainly don't do scams and pretend I know everything, I can tell with 100% degree certainty that demo's will not work the same as live and I already explained why but you're too stupid to understand. Demo's don't carry the brokers wonderful dodgy software to take you out of trades or big slippage or widening of spread IDIOT. What I do is real money so when you can come up with some $100k real accounts come back shit kicker.
  • #489
  • Jul 1, 2016 4:54pm Jul 1, 2016 4:54pm
I think its possible to trade without stoplosses but then something like the Brexit happens and you need to be prepared for that so low risk and a decent account balance to manage trades
  • #490
  • Jul 2, 2016 3:19pm Jul 2, 2016 3:19pm
Quoting tradability
{quote} I don't need to show my face idiot what I did show is big LIVE accounts not some scammy demo accounts and try to pretend that my live accounts are the same. You're not in the same league fool I don't do 50 cents accounts and I certainly don't do scams and pretend I know everything, I can tell with 100% degree certainty that demo's will not work the same as live and I already explained why but you're too stupid to understand. Demo's don't carry the brokers wonderful dodgy software to take you out of trades or big slippage or widening of spread...

DUBIOUS FOOL, I made it clear that I don't do automatic trading, which makes it difficult for your type of hedge fund software to take me in or out of trade. You can not be boasting about using a hedge-fund set up to make millions. This forum is for simple individuals using their brains to manage personal funds, not employees like you who just need to do what your supervisors tell you because you have not brain power. Until you can show your face to this community, just get back into your hedge fund hole and hide your face in shame. I am done wasting my time with you.
Mecrandie
  • #491
  • Jul 2, 2016 3:31pm Jul 2, 2016 3:31pm
Quoting tontenk
{quote} how can i check ur real account in FXCM, if u hide ur trade explorer in ff.......... that so funny..... lol,
See post 487.
Mecrandie
  • #492
  • Jul 2, 2016 4:44pm Jul 2, 2016 4:44pm
Quoting mecrandie
{quote} DUBIOUS FOOL, I made it clear that I don't do automatic trading, which makes it difficult for your type of hedge fund software to take me in or out of trade. You can not be boasting about using a hedge-fund set up to make millions. This forum is for simple individuals using their brains to manage personal funds, not employees like you who just need to do what your supervisors tell you because you have not brain power. Until you can show your face to this community, just get back into your hedge fund hole and hide your face in shame. I am...
LOL @ you ... stupidity comes in all forms and you match all those forms. You have no clue what you are saying you simple minded baboon. But I like baboons so I just might make you my pet now shut it and go sit in your cage.
  • #493
  • Jul 4, 2016 3:08am Jul 4, 2016 3:08am
Quoting mozart4646
I think its possible to trade without stoplosses but then something like the Brexit happens and you need to be prepared for that so low risk and a decent account balance to manage trades
In my opinion if you know that something like Brexit is coming it's best not to trade altogether.
  • #494
  • Jul 4, 2016 3:33am Jul 4, 2016 3:33am
Quoting mlawson71
{quote} In my opinion if you know that something like Brexit is coming it's best not to trade altogether.
Only if you don't know what to do in the case of news which seems most have no Idea, perhaps one day I might share a strategy which works perfectly in trading news but either way you will need a SL when trading news.
But good luck to anyone trading such events I know I trade them.
  • #495
  • Jul 4, 2016 6:18pm Jul 4, 2016 6:18pm
Quoting tradability
{quote} Only if you don't know what to do in the case of news which seems most have no Idea, perhaps one day I might share a strategy which works perfectly in trading news but either way you will need a SL when trading news. But good luck to anyone trading such events I know I trade them.
buying put and call options is another strategy for such an occasion.
Hope for the best, prepare for the worst.
  • #496
  • Jul 5, 2016 1:39am Jul 5, 2016 1:39am
I successfully trade strictly without stop loss. As far as I am concerned if you have to use a stop loss then you should not be trading real money yet.
Trading is about winning, winning is about knowledge and experience. Once you learn those two things, you will never use a stop loss again.
EDIT: that said it certainly depends on what type of trading a person does. I don't trade iffy trades. If you do then you certainly should use stop loss but I don't see how it is possible winning consistantly when you have to lose fairly consistantly, at least that never worked for me and although I see people say they win, I never saw with my own eyes someone do it successfully in my days of trading.

TJ

Quoting joldas
Hello, every one! i have a question that anyone trade without stop-losses, and successed? Trading without stop-loss can be done? has any opinion, plz comment here? thanks.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #497
  • Jul 5, 2016 3:28am Jul 5, 2016 3:28am
Quoting tradability
{quote} Only if you don't know what to do in the case of news which seems most have no Idea, perhaps one day I might share a strategy which works perfectly in trading news but either way you will need a SL when trading news. But good luck to anyone trading such events I know I trade them.
By all means, please share, because more often than not I have very little idea what to do during news events.
  • #498
  • Jul 5, 2016 6:44am Jul 5, 2016 6:44am
Quoting TraderJoe
I successfully trade strictly without stop loss. As far as I am concerned if you have to use a stop loss then you should not be trading real money yet. Trading is about winning, winning is about knowledge and experience. Once you learn those two things, you will never use a stop loss again. EDIT: that said it certainly depends on what type of trading a person does. I don't trade iffy trades. If you do then you certainly should use stop loss but I don't see how it is possible winning consistantly when you have to lose fairly consistantly, at least...
Thank you Trader Joe for speaking out on this issue. Some self-proclaimed experts have been going crazy about my not using the stop loss tool. I made it clear that I hedge my pairs with each other or by buying commodities hedge options, if I can't figure out the all-time zero line (equator line), which reliably predicts long term market direction.

My personal experience with stop loss tool is that is quite often closes out positions prematurely, and has even failed to trigger some times.
Mecrandie
  • #499
  • Edited 6:13pm Jul 5, 2016 7:41am | Edited 6:13pm
Quoting mlawson71
{quote} By all means, please share, because more often than not I have very little idea what to do during news events.

I'm not here to educate you nor do I get paid to educate you and others. With your experience if you haven't figured it out it's best to not trade during news events. Your biggest concern should be what should you do if you have open orders and news is about to be released not you shouldn't trade news events, but a good trader would have known that right.
By the way I see your posts on mfb all the time and you seem to get around posting everywhere not that there's anything wrong with it.
  • #500
  • Jul 5, 2016 11:30pm Jul 5, 2016 11:30pm
Quoting dab
{quote} buying put and call options is another strategy for such an occasion.
Very close but you forgot to mention precisely how to do it.
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