thread: Trading without stop-losses

Gabanda
I trade with SL because I dont need a massive drawdown. Moreover, due to my MM strategy, 400pips loss can wipe away my account (I double my lot size after every 400pips). So I stick with my 20-30pips SL and my 60-100 TP (I accept the little I receive )

You are absolutely right to use S and L. You're betting it to maneuver in your path if you use Stop Loss. If not, you take the reduction. This is also right once you aren't at your desk if you need to control to observe. There again, you might not have the opportunity to keep at your desk with other daily routines you attend in between market motions. However, you have to examine the charts of this Daily, 4 Hourly and two Hourly including 15 charts, if you're currently using just 20-30 pips. I do not use S and L due to scalping trades, will rather than in most of the years I traded. If you want to burden the Profits against reduction, I guess, it is better to place the Limit at 100 and 200 reduction. I allow you to do the Math. You see, fear is that the downfall of traders that lose consistently. I understand, I have been there for at least 5 years.

Good luck!

quote True. Unless the wi-fi gets pumped out from the power outage too. When I recall it happened to me , I cringe.

It happened to me to, so I connected mobile phone and laptop. Laptop used 3G/4G internet through mobile telephone. It worked great.

Trading without stop loss is unwise

as someone said perhaps you dont picked you appropriate sl it's much better to put them above the resistence or beyond service level

The problem must understand which support and resistance levels are the largest reason for concern.

I dont trade but im still studying.


Check out this

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There you go three examples that reveal its potential.

Dont listen to Close enthusiastic traders. . .everything is possible and everyone is different.

Find what works for you.

I see you showed me an account number with a minus equity. I am wondering how the company didn't close the account instant the moment it reached a value whenever there's not sufficient cash to cover the amount.

Some brokers don't have margin calls.

If you enter the market, there are lots of traders still in it. Once you enter, there are traders that enter you. Do you understand what any one of these will do? Each one utilizes edge to enter/exit. Do you understand what it is for every trader? You have no clue what's going to happen next. Any single trader could do anything at any time and create chaos to your position. You need to use a stop loss for a counter measure to defend against the actions of traders. It is common sense. Remember the market isn't candles and traces. It's people that are trading with their methods. Most of the time you can group buyers/sellers into a direction, but there is. Protect your assets.

If you enter the market, there are many traders still inside. Once you enter, there are other traders that enter you. Do you understand what any single one of these will do? Each one utilizes edge. Do you understand what it is for every trader? You have no idea what will happen next. Any trader create chaos and can do anything at any time. You want to use a stop loss for a counter measure to shield against the activities of previous and prospective traders. It is common sense. Bear in mind the market is not candles...

Protect your assets in the rogues
There are no rogues. The market as a whole is an impersonal entity. To put it simply, the market will always go in the direction that leads to the best damage to the best amount of accounts.

quote Protect your assets in the rogues There are no rogues. The market as a whole is an entity that is impersonal. To put it simply, the market will always move in the direction that leads to the greatest harm to the amount of accounts.

That is the most inaccurate evaluation of trading that I have ever seen. The market relies on people's perception mentally's activities, or mathematically. There's no bad market out to get you, LOL. It goes on the behavior of participants who are currently utilizing it. It changes constantly as the traders and their lot dimensions go in and out. There's no such thing for a person named Market, lol. It is simply people trying to make money for themselves, and doesn't have anything to do with any collective market mentality. That is simply false thinking. Should you make profit, it's yours, not some person named Market's. If you lose cash, it means some other person made it, not some person named Market. There's no such thing as Mr or Mrs Market. It is you or me. Certainly one of us wins, another loses.

One very simple approach to become a rogue is to buy lots in increments as price is going in one general direction. Let's say I buy 500 lots every 15 minutes and my time at the trade is 4 hours. I've 8000 buy lots. After lunch I intend to go to see a performance at my kid's school. All my transactions is at profit, so I simply close all of them at one time. Will that take your stop ? Can it cause buyers to fear and also sell? Do I care? That is only one thing that occurs every day. Was I trying to carry out you? lol. No. I'd profit, it was time to go, so I left. You have no idea what any trader will do at any time. Protect yourself.

quote This is the most inaccurate evaluation of trading that I have ever heard. The whole market is based on people's perception, whether mentally's activities, or mathematically. There's not any bad market out for you. It goes on the behavior of participants that are currently utilizing it. It changes constantly as the traders and their lot dimensions go and out. There's not any such thing for a individual named Market, lol. It's simply people trying to make money for themselves, and has nothing to do with any collective market mindset....

What I am saying is that -we humans - are generating and acting on a public and open financial market by putting money at risk; the FX retail market as a whole can only continue to exist if and only if it proceeds to act in the way which I explained it.
In this layout, it is of course possible for somebody to make and lose some money...
The massive difference with FX when compared with the other financial markets is that over time the whole amount of all the client accounts are slowly transferred into broker earnings via the trade price.