I Believe its possible to Exchange without stoplosses but then something like the Brexit happens and you need to be prepared for that risk and a Good account balance to Handle Transactions
I Believe its possible to Exchange without stoplosses but then something like the Brexit happens and you need to be prepared for that risk and a Good account balance to Handle Transactions
DUBIOUS FOOL, I made it crystal clear that I do not do automatic trading, which makes it hard for your kind of hedge fund applications to take me out of trade. You can not be boasting about using up a hedge-fund set to create millions. This forum is for people using their brains to manage funds, not workers like you who have to do what you are told by your supervisors because you have not brain power. Until you can show your face to this community, simply get into your hedge fund gap and hide your face in shame. I'm done wasting my time.
LOL @ you... stupidity comes in all forms and you meet all those forms. You have. So that I just might make you it now shuts and go sit on your cage but I like baboons.
In my view if you are aware that something such as Brexit is coming it is best not to trade altogether.
Only in the event that you don't understand exactly what to do in the case of news which seems most have no Thought, perhaps 1 day I might discuss a strategy which works perfectly in trading news but either way you'll need a SL when trading news.
However, good luck to anyone trading such occasions I understand I trade them.
I successfully trade strictly without stop loss. So far as I'm concerned if you need to use a stop loss you should not be trading money yet.
Trading is about winning, winning is about knowledge and expertise. As soon as you learn those two things, a stop loss will never be used by you again.
EDIT: that said it surely depends on what kind of trading a person does. I don't trade iffy trades. Should you then you should make use of stop loss but I don't see how it's possible winning consistantly once you need to lose fairly consistantly, at least that never worked for me and although I see folks say they win, I never saw with my own eyes somebody do it successfully in my times of trading.
TJ
By all means, please share, because more often than not I've very little idea what to do during news events.
Thank you Trader Joe for speaking out on this issue. Some self-proclaimed experts are going crazy about my not using the stop loss instrument. I made it clear I hedge my pairs with one another or simply by buying commodities hedge alternatives, 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's quite frequently closes out positions prematurely, and has even failed to trigger some times.