Thread: No Stop Losses!!!

Originally Posted by ;

Well, in all fairness I often lose 10-30% on a failed commerce so that doesn't bother me. I technically have a astrophic stop its called a margin call at 50 percent loss. Why is it work for me is that a winner nets 30-100% and the wins are far more common then the declines. It's not how most people trade, but I am okay with that...

I guess it really depends on why your accepting the transactions you are. If your shooting them because of a chart formation or an indior then by all means you need to use a stop incase the creation doesn't pay off. My motives for accepting trades have very little to do with the chart thus a stoploss is an guess about how things will play out.

A fantastic portion of why this works is since I don't take any arbitrary transaction. Till I do if I don't know just what's going on I hold off. Risking 50 percent of my account keeps me from gaming on possible winners.

The point I was attempting to make was that if your not supremely confident at the commerce, you likely should not be taking it. Trading with no stoploss is a testament to just how much you think in your analysis. If you don't believe in it or can't accurately determine what your risking, then perhaps you need to consider your analysis has to be improved. A stoploss at the manner it is deployed by most is simply a crutch for analysis.

PS- I say you, however I don't really me youpersonally, just anyone in particular that happens to read this...

Darkstar, sorry I am not criticizing. I understand your logic but the explanations for your transactions are known and understood by few. By and large 99 percent are trading indiors and systems that don't have any intrinsic meaning and that, though profitable, would not be without prevent losses. So whilst your stop loss policy functions for youpersonally, applied.

Generally speaking, most should be risking only 1%-2% that would (hopefully) keep them in the game long enough to find out something. I believe its significant that most understand this and you're the exception to this rule rather than the version of it.

Originally Posted by ;

, sorry I am not criticizing. I understand your logic but few know and understood the reasons for your trades. Large and by 99 percent are trading indiors and systems which have no intrinsic meaning and that, although profitable, would not be so without prevent losses. So whilst your stop loss policy functions for you, employed.

Generally speaking, most should be risking only 1%-2% which would (hopefully) keep them in the sport long enough to learn something. I think its significant that this is understood by many and you are the exception to this rule rather than the model of it.

I would definitely agree with you on all points.

Originally Posted by ;

I wasn't picking anybody as an example brother. [img]Images/smilies/smile.gif[/img]

Just trying to add an additional perspective...

Sorry do not get me wrong, wasn't taking personal offense at all... as you were... only adding my own standpoint

I love stops. . .really. . .best item . . .you do your very best analysis,you're selective, you're patient to decide on on the best low risk areas you may get. . .ok, BUT, the second, the commerce is on, you're exposed, you only need to see, when the market permits you to cut a tiny bit this time...

oh, btw, I believe, commerce managment is overrated (dont micro handle!!) ...

As somebody who trades Crude Oil in addition to the pairs, trading with no stop would be a way to monetary emotional and plogical ruin.

I think this is a conversation that is relatively fruitless since what works for some works for others, however although I personally use stops. I know a few traders which do and do not use stop losses. Everything boils down to the platform you've got and the way you trade.

But, I do see renasdad's point. Then, you have to make sure you get a redundant way of making certain that the stops become implemented, if you're trading with stops. I recently signed up for a VPS server and operate my specialists (which manage my SL's) from that. It is working and I don't be concerned about what happens when my connection goes down at the middle of a trade.

I used to trade without prevent losses and have not lost a commerce doing so but have had some uncomfortable situations (the worst was 40 points away from a 50% account drawdown). You are able to get away with it if the markets ranging but every time a nice trend begins in the wrong direction for you it might be a long wait for it to come back and at what point do you choose to take the loss? I use stop losses all transactions as I'd rather take the loss and move on instead of the torture of watching the price move day after day.

Originally Posted by ;

Well, in all fairness I frequently lose 10-30percent on a failed trade so that does not bother me. I technically have a cease its called a margin call at reduction. Why is it work for me is that a winner drags the wins along with 30-100 percent are a lot more common then the declines. It's not how most people trade, but I'm fine with that...

I guess it really depends upon why your taking the transactions that you are. If your shooting them as of a chart formation or an indior by all means you should use a stop incase the formation will not pay off. My reasons for taking trades have to do with the chart thus a stoploss is an arbitrary guess about how things will play out.

A fantastic portion of why this works is since I don't take any random trade. Until I do if I don't know exactly what's going on I hold off. Risking 50% of my account keeps me out of gaming on possible winners.

The point I was attempting to make was that if a not supremely confident in the trade, you likely should not be taking it. Trading with no stoploss is a testament to just how much you think in your analysis. If you don't believe in it enough or can't accurately determine what your risking, then maybe you should think about that your analysis has to be improved. A stoploss in the manner that it is deployed by most is a crutch for analysis.

PS- I say , however I actually don't actually me you, just anyone in particular that happens to see this...

fine. . .this is creepy. I exchange the exact same way as you do, and I can guarantee you that I haven't read it in the event you posted your egy online. I use trendlines along with basic things to figure out my entry and exit points.

Originally Posted by ;

Well, in all fairness I frequently lose 10-30percent on a failed commerce so that doesn't bother me. I technically have a astrophic cease its called a margin call at 50% reduction. What makes it work for me personally is that a winner drags the wins and 30-100% are a lot more common then the declines. It is not how most folks commerce, but I'm fine with this...

I guess it really depends on why your accepting the transactions you are. If your shooting them as of a chart formation or a indior by all means you should use a stop incase the creation doesn't pay off. My reasons for accepting trades have really little to do with all the chart thus a stoploss is a arbitrary guess about how things will play out.

A fantastic part of why this works is because I do not take any random transaction. Till I do if I don't know exactly what's going on I hold off. Risking 50% of my account prevents me from gambling on winners.

The point I was trying to make was that if your not confident in the transaction, you likely should not be carrying it. Trading with no stoploss is a testament to how much you really believe in your analysis. If you do not believe in it or can not accurately determine what your risking, then maybe you should consider that your analysis needs to be improved. A stoploss in the way that it is deployed by most is a crutch for poor analysis.

PS- I say , but I actually don't actually me you, just anyone specifically that happens to see this...

PS: I think you exchanged the yen last night, cuz I really did it, and I was very sure of exactly what was going to happen.

No trend lines, Infact they would be misleading. But I bet it is a similar fashion.

Scott

Originally Posted by ;

ok. . .this is creepy. I exchange the same manner as you can do, and in the event you posted your egy on the internet, I can assure you that I have not read it. I use trendlines along with other basic things to figure out my entrance and exit points.