thread: Trading without stop-losses

Not sure why you quoted this component only, because that part was not actually the stage... or any stage. Proceed to the rest of my post and have a think.

There is no reason why x pip movement has to be regarded as a huge loss. I think you have considered the prospect of building a position, and that's exactly what I was alluding to but in a particular context.

Nubcake,

thanks to the insight. I see what you intended, but what I intended speaking to different brokers is that there's a minimum tradable lot, for the majority of them. In my case this minimum is equal to my true budget I can not'build a position'. It is not feasible for me.

I really could do this only if I were ready to significantly increase my leverage, which -I believe you concur- should not be a sound strategy; or, at least, I would not be comfortable with this.

That's why I said many brokers understand a discrete world and that is why I mentioned Oanda. Oanda lets you do that, as it is almost a constant world (in lot sizes the minimum tradable is a .001 micro lot).

To achieve success you need at least one edge.

1st: Reduce this stupid risk/reward stuff. It is pretty useless.
2nd: Utilize low leverage (and no, 10:1 is not low. Use 1:1 or even under )
3rd: Don't use tight stops (the tighter the stops that you want more exact entrances that's very hard to reach due to the high sound at the lower timeframes)
4th: Entries are somewhat insignificant, the exit is where the money is created. Funny enough, many systems here caution about the entry.
5th: Scale out and in. Why using one entry with one stop and a single goal? If...

Great summary. I think finding entries that are optimal is the toughest thing to do. You take your best shot and adjust to price movement. It takes an understanding of getting multiple degrees but not martingaling. To clarify 1:1 not so much for me but the guys here, If you put 1000 dollars in an account in 1:1 you can trade .01 or 1 penny and never have a margin call. You would have to run out of your money to lose the account. The broker is on the hook for the commission.

,

Thank You to the insight. I see exactly what you meant, but what I meant referring to different brokers is that there's a minimal tradable lot, for the majority of them. In my case this minimum is equivalent to my actual budget I can not'build a situation'. It is not possible for me.

I really could do that only if I had been willing to significantly raise my leverage, which -I believe you concur- should not be a sound strategy; yet, at least, I wouldn't be comfortable with that.

That's the reason why I said many brokers know a discrete world which...

fair nuf. If you are stuck using an account where you don't have a lot of available margin then you are stuck playing the entry / exit game, which nobody seems to have mastered except maybe james16... but that is far too slow a game for my preference and not worth the effort if you don't have the massive capital to make significant gains off with small percentages.

Edit : but then again, I have done the entry / exit game before and did quite well... it is about the sort of market you are facing and what strategy to use. Some find crazy swings to be frightening and non-tradeable, however I find it to be ideal for a simple entry can occasionally knock on trades right out of the park and stoploss method. Appears to be the months around and just xmas where this market comes around. Lt ramblegt;

I find this thread very interesting.

I am a noob who performs the entry / exit style quite much like james16 style. I find if I stick to and can keep my head check.

However, I will grasp the idea of a totally different approach. Trading onto a more level outside the box.

I expect it's expanded on in this particular thread.

Cheers

I trade without a stop loss always and very successfully. I start a trade everyday and exit at the end of a bar, unless the tendency continues, I'm allowed to continue for another bar if it's the commerce on the market currently.

I utilize the ATR to make my lot dimensions. ATR of that pair = 3 percent of my account. I really don't put a stop loss, I do not use Break stops when I attain a profit.

The reason my system operates is that there is money management involved. I monitor my lot size very closely and calculate it each time. Also, I win a small percent over I lose along with my winners are a small percent bigger than my losers. This is how a trading system that is successful works.

Placing a stop loss lets you get struck with the wild swings, if you are truly trading with the tendency, those swings don't have any meaning, they are just swinging up to locate more sellers or vice versa. When I used a stop loss, I wouldn't be prosperous in FX, it's just my way of doing things. I've been trading stocks this way for years and FX is not any different.

I will say that, because I always close at a specific time, this IS my stop loss. I don't break that rule all that and I'm not of allowing my losses run in the whole mental game. I trade very black and white and it works.

honest nuf. If you're stuck using an account where you don't have much available margin then you're stuck playing with the entrance / exit game, which nobody seems to have mastered except possibly james16... but that's far too slow a match for my preference and not worth the effort if you don't have the large capital to make substantial gains off with small percentages.

Edit but then again, I have completed the entrance / exit match before and did fairly well... it is about the type of market you're facing and what strategy to employ. Some find crazy swings to...

Trading the fast time frames only works if you TRULY let your winning trades operate and cut your losses short. My guess is that 99.9999999999% of traders do the reverse. I know I did for a long time if I thought I wasn't. You need to come up with a system which become an expert, or won't allow for that. I don't think you can become an expert by losing, so you have to create a system until you're 10year veteran, to keep you.

Human nature makes it rather hard to exchange freehand without rules set up.

I have been trading shares this method for years and Currency Market is no different.

Of course there is another.......you'll shortly see what I mean..gud luck buddy!

Here is what I do, and it works for me:

Low leverage-- Stoplosses must account for leverage and also just how much you want to risk-- if you're overleveraged you can go through a string of winners and blow out your account.

Tight Stops-- if the transaction goes against meI accept it and move on. Reenter if applicable. If you do get stopped and have to reenter thing. With low leverage and a tight stop, that is hardly going to make a dent.

Trailing winners-- do not exit until the move is over. Addon positions as required. Let your winners run.

Precise but adaptive entries-- there are a million ways to join the market. The key is not locating the ideal way but the way that works for you -- what is easiest for you understand and to trade.

Stay out of chop. Know consolidation and do not get consumed by whippy markets. There will be other regions to trade. Stops and entries do not mean a thing during consolidation, but when consolidation breaks. .

Here is what I do, and it works for me:

Low leverage-- Stoplosses should account for leverage and how much you want to risk-- should...

if I might ask....how much do you usually trail stops your profit position...