Trading With No Stops And No Targets

Discussion in 'Trading' started by wmitzlaff, Oct 12, 2017.


  1. Okay...

    11,900 pips settled since the opening post (8 months ago)...in the 10K demo account

    6,500 pips settled year to date in the 100K demo account

    1,758 settled pips ytd in the live 1K micro account

    This is my second year producing these numbers in the demo accounts and first year in the live account.

    I have due diligence by trading for an entire year in paper before ever putting any money behind the trade model.

    I was able to produce better than 100% annual return with this model.

    Now I am doing it in a REAL 1K micro account. This is the perfect vehicle for a starting point imho.

    Next move is to scale to the 10K account (approx. 1 year from now) and in six years I scale to a 100K standard account and will be a full blown pro at this shit!

    Is there a better, quicker, easier way to becoming a professional trader?...I could not tell you, this is just how I am doing it.

    thanks for the comment :)
     
    #111     Aug 30, 2018
  2. Things are different once real money is involved, so I was just make sure losing your account is acceptable before doing it with real money. Also, just because something worked, doesn't mean it will work.
     
    #112     Aug 30, 2018
    Overnight and wmitzlaff like this.
  3. couldn't agree more my friend
     
    #113     Aug 30, 2018
  4. smallfil

    smallfil

    Will like to see your results when you are using real monies and emotions are involved. Already tried to warn you because you are trading against the trend when you ride losses down and hope it reverses. Nothing like real life experience will convince you! Trends in the forex markets also, lasts longer so, count me in the skeptical side.
     
    #114     Aug 30, 2018
  5. Fair enough my friend!
    Let's just say trading without a Stop Loss would be suicide for "most" people then.
     
    #115     Aug 31, 2018
    wmitzlaff likes this.
  6. smallfil...post #111 clearly states that I am trading this strategy in a REAL $1,000 micro leveraged account and have been for just under a year now, with a settled pip count of 1,758.

    https://www.myfxbook.com/members/DroneTrading/linked-capital-management/2224910

    Please read a bit better before posting your remarks...thank you :)
     
    Last edited: Aug 31, 2018
    #116     Aug 31, 2018
  7. I want you guys to ponder something. If everybody traded like the OP how would you read the charts?

    ES
     
    #117     Aug 31, 2018
  8. You would need to live outside the USA to open up an account with the leverage needed to sustain this trading strategy.

    ES

     
    #118     Aug 31, 2018
  9. not sure what your are saying...can you rephrase the question plz?
     
    #119     Aug 31, 2018
  10. I live in the USA with a GAIN Capital and TDAmeritrade/TOS accounts.
     
    #120     Aug 31, 2018