Trading without stop-losses -
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thread: Trading without stop-losses

  1. #11
    Member Fuark's Avatar
    41
    Without some clever strategy around weekend stop / start I don't think any intraday trader would be so dumb as to maintain a position that anyhow. Sooner or later you have to wind everything up for the week and get out... but when somebody is that way invested into a situation then it is very likely that any kind of gap is probably just a ripple in the scheme of things anyhow.

    Then again, I did after forget what day it was before almost closing so dumb things do happen.

  2. #12
    Junior Member alexandrasanz's Avatar
    23
    The fool would place their equity with the broker, the trader could provide the broker margin to their own positions.

  3. #13
    Here are a few traders opinions after they got from the normal thought patterns of trading and didn't assume my system was actually something else (like averaging down or martingaling):

    This is my second time around to the thread and have begun to like it and be more profitable. The very first time I took time to learn and know kept around searching for the GRAIL leaping I think I've come close to discovering it. Forget the survey, I would not think it to be accurate till someone has spent some time learning the system and becoming profitable. . .KEEP UP THE GOOD WORK!!!!

    I've made my feelings regarding the poll very clear. Last year I was just one of the daft traders who looked at the thread and thought, too complex, too risky, too long and too slow (if that makes sense). Ever since going live with NB 4h System in March I've been up in my trades every month and IMHO this system is one of the best (if not the finest ) in FF.

    There are choices to normal trading strategies that can be learned and lead to profits without creating the false assumption you will wipe out your own account. If you are prepared to learn, it will work. SL are not neccessary, you will find places to take losses, yes, but you decide them based on the market motion not a amount that is predetermined.

  4. #14
    Trading without a stoploss is suicide. I had learnt that lesson well. I trade with everytime!

  5. #15
    Junior Member ampi_gg's Avatar
    15
    Haymaker,

    couldn't agree more.

  6. #16
    Junior Member Dimeruben's Avatar
    27
    Ya know, iv tried with sl many times just so id be correct, like every1 says

    I struggled yrs with this

    it just dont work to great for me personally, you should discover what works for you

    I ended up needing to unlearn alot before I traded great, shot yrs

    I dont use a sl

    and because of what every1 says, I dont share my trading either, youl just get attacked

    rule#1 in trading fx, never ever post in a public forum that you don't use a stop loss

  7. #17
    Junior Member ampi_gg's Avatar
    15
    you should find what works for you
    Surely agree with this.

    youl just get attacked
    Well, don't feel attacked; just if I can opt to scale a mountain with an emergency rope or without, I go for the first option, I'd say; no matter how proficient I'm and how unlikely falling down could be.

    Glad you found your way of trading. I will keep researching and will try to improve my method more and more. It is just I think that it is too much of pleasure and useful not only in trading; nonetheless, semi-naked charts, 30M, daily charts, whatever, I am sure I will use SL: not being able to put an upper bound for my risk (and still having to take into account possible slippage) is simply not for me personally. I don't take the risk to whatever no matter how unlikely it may be, as well as I would not enter a theater with no emergency depart.

    Just my two pennies.

  8. #18
    Junior Member Dimeruben's Avatar
    27
    Not only do not use a sl, I go days without looking at my chart
    iv went a whole week




    Definitely agree with this.



    Well, don't feel attacked; just if I can choose to climb a mountain with a crisis rope or not, I go for the first option, I'd say; regardless of how skilled I'm and how unlikely falling down would be.

    Glad you found your method of trading. I will keep researching and will attempt to increase my method more and more. It's just I think that it is too much of fun and useful not just in trading; yet, semi-naked charts, 30M, daily charts, whatever, I am certain that I'll use SL: not having the ability to put an upper...

  9. #19
    Junior Member Yas3324's Avatar
    7
    There were several traders in a number of banks that struck the headline news.

    Here in Australia, some rogue traders dropped around 7million dollars in (NAB) National Australia Bank. I think it was 2008 (not 100% certain of date and how much missing, but it was headline news).

    Yesterday, as I was watching SBS (international news) they revealed a bank rogue trader in France who dropped Billions of dollars. I think it was 5 decades and they discussed his court case and sentence. I felt he was a scapegoat since there would have been a superior above him that would let much he can trade for your bank, but he was not the one and no higher position in the bank are not being billed.

    I am sure some of you will know what I am talking about, some of you perhaps not. They are headlines round the world and not simply some tales.

    Hmmmm... I was wondering if those rogue traders were using ceases? ... more probably not.

    Personally (in my humble opinion), trading without stops is like driving a car without seat-belts. I do not care even when you're a formula one driver using extensive skills, abilities and years of experience... if you crash without wearing a seat-belt, you're like dead.

    Let us throw in the debate that one can trade without stops. That trading without stops are skills that may be mastered and people who proclaims it do such abilities.

    In my humble opinion, do not you guys realize you don't have complete charge of the market. That the market is like a drunk driver, at full throttle and pushing out of control. You see, even when you're the world formula one driver, some driver on the highway can ram their car while you're driving.

    You may have complete charge of your skills and abilities (I do not deny that). However, the truth is that beyond your abilities and skills are.

  10. #20
    Junior Member alexandrasanz's Avatar
    23
    Dont know stop reduction when margin call is already an automated stoploss for us.

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