I am enjoying this thread.............. A LOT. 1. You have the right attitude for this. Minus the in-ability to take a loss. 2. You cannot trade without stops, and think that you will just be able to trade your way out of everything that goes against you. A. It may work most times, but the one time it doesn't work you will blow out. B. AMMO or someone said it earlier. 1. learn how to take losses. You must be a professional loss taker. Have to accept and do this. 3. i like your attitude and cockiness, a good trader needs to have these traits. 4. you are too emotional. Stop being emotional and start trading other traders emotions. This is where the real secret to the market lies. 5. Do not listen to anyone that tells you that you are doing it correct by not using stops. I AM FCKING TELLING YOU------- THAT "ONE" TIME WILL COME AND WIPE YOUR ASS OUT----------- THIS IS A FACT.
I don't use stops, and I certainly wouldn't be using stops with 2k losses? now that's another thing, just the cost of doing business
I probably will not post again in this thread. college person..... pay attention to #4 in my above post and do nothing else.
stops are a luxury for instance, whenever I add to a winnner the first thing I do is enter a stop for the addition at BE based on average price but this idea that somehow stops will save you has been proven wrong, at least by me one night I had 4 pairs on. two of them were long CHF and two of them were short I had stops in on all of them then out of the blue with no warning SNB announced they were going to peg the two I had on long traded right through the stops by at least ten or even 20 pips but the other two went on to make me more than enough to make up for all the subsequent mistakes I would make because I was just learning how this forex deal works so yes, sometimes stops will not only save you but make you good money but I never use them anymore I pay for that luxury by trading small they are just a tool, and saying you must always use them is no different than saying you must always use a hammer nice to have them in your toolbox, but not neccessary to use them on every job especially small 2k jobs
Traders can always use stops effectively, they just need to be placed in the correct areas. If they are placed in the area where most traders are placing them odds are i am taking them from them. Emotions of other traders. HMMMMMMMMMMM Done posting good luck College with your journey.
that would be cool if the market was not always constantly changing but yes by all means, if you have exhausted your knowledge, no need to post anymore
And this coming from a person who is currently short from where again? And yes, i will retain the rest of my "knowledge', if everyone knew it, it probably wouldn't work as good as it fucking does. "constantly changing"--------- it is always the same. The same shit happens each and every day, just because you cannot see it doesn't mean it isn't happening. This site and the people who post their 'knowledge' blows my mind most times. Really done posting now. DONT DRINK AND POST ON ET DONT DRINK AND POST ON ET hahahah College-------------- read #4 above over and over i may send you some PM's after this thread progresses some more..... may not . may........not sure yet on that. DONE posting now Carry on.
whenever I add to a loser I never expect it to somehow miraculously become a winner. It's just a strategy I have found to be slightly less destructive than using stops.