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Trading without stop-losses

  • #541
  • Aug 11, 2016 5:29am Aug 11, 2016 5:29am
I don't have to set up stop-loss when I trade, but I always keep monitoring my trade. I will close manually my trade when it reach maximum risk allowed by my risk management. We're have our own trade system, maybe different with others, but it's okay right?
  • #542
  • Aug 11, 2016 11:30am Aug 11, 2016 11:30am
Quoting jinsen
Hi, If really to trade without stoploss. It best to pick the most utimate entry for entry. A major resistance or support. A super trend that hasnt retrace for quite sometime. You got a better probability to survive. Dont pick a spot on a No where wonderland. May get rob or murder by mr forex... i still prefer to have stoploss. i hate that feeling of risking 1% and then it goes against me up to 4%. I rather win abit and lose. And hit one super runner trend. Thats the aim. Reg jin
Well, I never done that. Even on long term trading, I always put trailing stop in order to protect the order itself.
  • #543
  • Aug 11, 2016 11:39am Aug 11, 2016 11:39am
i just leave few month ago trading without stop loss nor cut loss, sl/cl doesnt save me but eat me piece by piece
3Some Candle TacticaL
  • #544
  • Aug 12, 2016 11:30am Aug 12, 2016 11:30am
I don't use a stop loss. took some big losses also some nice profits. I think its risky. but matters how much units/account size as well.
  • #545
  • Aug 14, 2016 5:41am Aug 14, 2016 5:41am
I don't see why anyone would trade without stop losses honestly what's unappealing about minimizing losses. If you'r gonna have crazy risk which in my opinion is dumb at least have a crazy stop too retain some shred of dignity. I'm new too this so what do I know but pretty much everywhere I have seen and read not using a stop loss seems like a quick way too death and adding to the statistic of failed "traders" really just gamblers.
  • #546
  • Aug 17, 2016 2:59am Aug 17, 2016 2:59am
Quoting Subliminal
I don't see why anyone would trade without stop losses honestly what's unappealing about minimizing losses. If you'r gonna have crazy risk which in my opinion is dumb at least have a crazy stop too retain some shred of dignity. I'm new too this so what do I know but pretty much everywhere I have seen and read not using a stop loss seems like a quick way too death and adding to the statistic of failed "traders" really just gamblers.
Me either. It's a risky thing. Especially when a news come and you don't set a stop loss level.
  • #547
  • Sep 4, 2016 6:06pm Sep 4, 2016 6:06pm
Hmmm I guess you can't read well since you missed the whole point of what I said.


Quoting tradability
{quote} So what you're saying is you can't hedge in the USA right? But said anything about trading using USA brokers? It seems like an excuse. If one wants to hedge one can find brokers abroad.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #548
  • Edited 7:04pm Sep 4, 2016 6:17pm | Edited 7:04pm
Right mecrandie, like I was trying to expain to that dummy hardass "tradability" is in the USA there is no hedging and yes you can illegally open off shore accounts that allow it but you have to pay dearly in other ways and if you can actually make a profit - which I do - then you have to explain why you have circumvented the laws of the country.

So I now trade using no hedging and no stoploss and my profits are through the roof! So the US actually did me a favor by forcing me to comply with their very strict rules.

As to using stoploss's in particular... I simply don't know any normal person who makes consistant profit using a stoploss. Possibly in high frequency trading and that like but for normal regular folk, the system is stacked against anyone who uses stoploss's in their trade methodology.

Good Trading!



Quoting mecrandie
{quote} 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.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #549
  • Sep 4, 2016 7:33pm Sep 4, 2016 7:33pm
Quoting tontenk
{quote} how can i check ur real account in FXCM, if u hide ur trade explorer in ff.......... that so funny..... lol,
Not very smart chide people that can actually trade successfully when you can't.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #550
  • Sep 4, 2016 7:36pm Sep 4, 2016 7:36pm
Slippage doesn't matter unless scalping.

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!
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #551
  • Sep 4, 2016 7:38pm Sep 4, 2016 7:38pm
Oops looks like you crashed.

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
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #552
  • Sep 4, 2016 8:55pm Sep 4, 2016 8:55pm
Quoting TraderJoe
Slippage doesn't matter unless scalping. {quote}

You must be the loser of trading one can see by your results tool. The only thing your good at is pretending and riding crappy bikes.
Which jail did you escape from?
  • #553
  • Sep 5, 2016 1:33am Sep 5, 2016 1:33am
Too much losers that came from trading without stop losses. This is their bad habit when it comes to preventing losses
  • #554
  • Sep 5, 2016 3:12am Sep 5, 2016 3:12am
Quoting gabanda
Too much losers that came from trading without stop losses. This is their bad habit when it comes to preventing losses
I'm trying to trade without sl, hopely can survive
3Some Candle TacticaL
  • #555
  • Sep 6, 2016 7:24pm Sep 6, 2016 7:24pm
Not a good idea. An unexpected new could wipe your account.
  • #556
  • Sep 7, 2016 1:49am Sep 7, 2016 1:49am
Quoting fxRichard
You simply watch the market, if it turns you get out etc. Stop losses serve 2 purposes: 1) they keep you from being stupid (cmon it will come back etc). 2) They let you walk away from a trade. Just my opinion though.

100% agree with you.

If you can monitor the trade at all times and can be disciplined enough to not be arrogant, then no need for stops.
  • #557
  • Sep 7, 2016 2:16am Sep 7, 2016 2:16am
If I always use stoploss my account definitely will not exist even in a year. Stoploss is like a cancer make body dying slowly. Thats my experience
3Some Candle TacticaL
  • #558
  • Sep 7, 2016 5:04am Sep 7, 2016 5:04am
Quoting themanderson
{quote} 100% agree with you. If you can monitor the trade at all times and can be disciplined enough to not be arrogant, then no need for stops.
In general I agree, but what happens if there is a power outage or you lose your Internet connection? Then you can't monitor your trades even if you want to.
  • #559
  • Sep 7, 2016 5:39am Sep 7, 2016 5:39am
Quoting mlawson71
{quote} In general I agree, but what happens if there is a power outage or you lose your Internet connection? Then you can't monitor your trades even if you want to.
Of course, but if you have an android devices, you can install mobile MT4 and watch the price movement there.
  • #560
  • Sep 7, 2016 10:51am Sep 7, 2016 10:51am
one could hedge against the loss and close the hedge position at breakeven once the price comes back.
but that just postpones cutting loose the original position at some point ... unless you are 1000% sure it comes back.
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