I NEVER ever use EVER, stop losses. Reason being is I am a Scalper/Swing trader and discovered no need or gain. I use prevent losses to fasten a large win. .
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I NEVER ever use EVER, stop losses. Reason being is I am a Scalper/Swing trader and discovered no need or gain. I use prevent losses to fasten a large win. .
Here I am the first time using the forum as a member 2010. I can't get round my thoughts on the best way to post a forum. I don't get involved in almost any sites forum. Without even using the S and L. However, I lose my Deposit in just two weeks, I am like Rick Astley sang,'Never gonna provide up it!' LoL.
Lost several tens of thousands over 6 decades. Using Demo using a determination to find my'Midas Touch'. I have been analyzing the Charts to period to know the trend. I do not utilize any So after several months of chart trending study, I do not use S and L, and now enjoy a daily profit of 1000.00 and then some, a day using a #10000 deposit. Of course, I am suing a DEMO and want to profit every day without a day's loss. The years because 2010, I always lose my deposit'month in month' out. I use and see what I could Profit with only #10000. In nature, I need to withdraw the Profit as my earnings and depart only the #10,000 as the working capital each month. For now, I have money or no savings to deposit. But once I have satisfied myself using the Demo account over a period to assess my situation, I will no doubt use my credit card and repay it within a month. By way of instance, on Monday 12 Sept deposit of 10,000, I am sure a replica of 22.209 equity. Oh! By te way, I only spend Two hours or less a day, subject to any loss on transactions available and await retrace. With 5 days of trading, the Deposit amount has not made more than me, Last week. As revealing it to anyone would not help anyone to follow my strategy but that's my secret.
Ciao
RIDING THE ELEVATOR OR WALKING THE STAIRWAY
'Never' is a powerful word to get a Forex market with hundreds of factors affecting it. I don't routinely use stop loss to protect my rankings because I am a swing trader. However, I have on occasions such as CHF crash and Brexit, needed to secure a favorable price spike with closing out the place or stop reduction before the retracement that follows a spike.
WAVES AND SPIKES
Day traders generally closely track and ride the Forex consolidation waves, entering and leaving at the right points to consider profit. But swing and long term traders only want to stay afloat in the market long enough to catch the sharp expansions (spikes) and contractions (crashes) in the right direction. The retracement is often more than 10% -20% as it consolidates before a different crash or spike After a spike shoots a trade really high.
NUMBER OF PERIODS FOR INDICATORS
the option of the number intervals for any chosen indicator has to be for example to monitor the service line for your sideways consolidation. My personal experience is the SMA-7 closely runs across the consolidation support/resistance line based on the trade direction. Sticking to SMA-7's direction even if the market is moving against you, allows you to wait till an expansion or contraction happens in your favor. This may take hours or days. But it is worth the wait if a spike or crash kicks in favorably. I use every step of the market against me for trade price advancement (TPI) by bending into a new trade price in the same direction and closing the previous trade.
CHOICE OF TRADE MONITORING WINDOW - m1, H1 D1, W1 or M1
The alternative of trade monitoring window will depend on if you're day trading or swing trading. For day trading, m1 - H3 is to identifying the points for day trade entry and exit more preferable. However, for swing and long term traders, the accent is on which window shows the expansion/contraction pattern best. Zooming out W1, D1, H4 or M1 chart shows the growth contraction pattern. Each position is typically monitored by me together with the window which reveals the many expansion/contraction activities. I attempt to guess the frequency of this spikes/crashes in order to estimate the times of.
STAIRWAY OR ELEVATOR
After all is said and done, each trader must determine whether to walk the stairway (day trader) or ride the elevator (swing trader). Each path has its merits and drawbacks. Stop loss is depended on by one and another doesn't. Let the best team win in regard to long and short tem PnL.
Mecradie
STAIRWAY OR ELEVATOR
After all is said and done, every trader must decide whether to walk the stairway (day trader) or ride the elevator (swing trader). Each route has its merits and pitfalls. One is determined by stop loss and the other doesn't. Let the best team win in regard to long and short tem PnL.
Aaaaaaaaaaaaaaaah! A choice is or if you wish choose the two choices. While I because you mentioned, swing trader, scalp the market. For instance, yesterday article and Friday showed me that a Profit of 2212.00 with multiple 10.00 open transactions between 07:58 and shut the times trading in 09:12. That my friend, was just 64 minutes of scalping and Profit 2212.00
You mentioned long term trade, I also have a Demo with exactly the same Currency Market firm and it is leverage using EURO. Deposited EUR150,000 on Monday 12 Sept the next day and first trade made. Assessing the chart, I left it running and set a Sell and did not inspect the transaction until later. According to my last article, I do not use L and S and noticed the transaction turned against the Sell and was decreasing the Profit. I shut the trade and Balance at the Demo account showed EUR165,216.99, a EUR15,216.99 profit. The second trade I made the Order Trade when it reaches a market price at?? 475 on Thursday 15 Sept.. Almost forgot to check CFD market and when I checked it, the market was trending up and down. The Order triggered at 20:01 and I shut the market at 15:08 16 Sept in?? 261 price. Since it is leverage ot 1:25 and 1 point is EUR250 and with a 213 PIPs profit, it gained EUR53,250 to me.
Last night in 21:23, I start this CFD Instrument in 21:23, at Market price?? After analyzing the Charts and trend, I placed a Buy at 10 per PIP. At 22:00 the Market closed and currently showing a Profit EUR2225.00. I anticipate the Market will continue at BUY on Monday and hit over 170 points for profit. I anticipate it will reach about the?? 470 mark and then some. When I chance to open it and watch it rising after scalping the same Market of DFB, I shall look to see what offers. I intend to make over EURO43,000.00 on Monday. Watch this Space.
Trading without a stop loss is similar to having unprotected sex with an HIV/AIDS person..Always use stop reduction and track your stop loss to breakeven when price hits your first Take Profit target.As easy as that.
Scalping belongs to short wave riding. Experienced day traders understand when to enter and when to exit. Inexperienced traders shed a lot of money doing scalping. You also have to contend with big institutional traders in terms of heavy SHORT term capital investment in high risk.
If you're a typical individual investor, then you hang tight to you restricted capital and remain afloat awaiting another spike or crash.
With only a couple of favorable spikes or crashes each day, the scalper stands no competing chancing with a swinger. Without ideal entrances and exits (which are rare) the winning and losing trades for a scalper are inclined to even out over time as the market moves backward during consolidation phase.
The total price of trade price improvement needed by a swinger to remain afloat in a sideways market Is usually insignificant compared to the spike or crash yield. One can be counted in tens while the other is counted in tens of thousands of pips.
Why even engage in sexual activity if there is the least suspicion of HIV infection? As condom does not provide 100 percent protection, using stop loss also carries significant risk, especially when it triggers late or fails to trigger.
Stop loss such as a cancer, eat slowly
This is exactly what trading with no stop loss can do to anyone..Price is a b***tch.
Still another one.
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