May 11 2020 at 13:22
wirymace posted:hi4all posted:
Personally I never trade with stop lose, and not encouraging anyone to follow me, I have my own strategy which works for the past 3 years, what I liked about your post and I agree 100% is the drawdown, I hate seeing my drawdown more than 20%, and one of my accounts I was happy with, its drawdown was below 2% for few months
So do you effectively use a stop loss based on draw down of your account rather than pips?
never use a stop loss but open a trade instead, I am using automated trading
hicham@
May 11 2020 at 15:02
that's advice for people to loose so the few ones can win. a stop loss invalidates the idea, means you're wrong. on to the next one
i am currently short on NU, if this thing breaks out how much time will it take for it to come back to my entry?
https://prntscr.com/serhdh
I'll tell you
https://prntscr.com/serhno
a decade if i am lucky
i am currently short on NU, if this thing breaks out how much time will it take for it to come back to my entry?
https://prntscr.com/serhdh
I'll tell you
https://prntscr.com/serhno
a decade if i am lucky
everything is possible, put the effort and do it, dont let anyone discourage you
May 11 2020 at 19:32
hi4all posted:wirymace posted:hi4all posted:
Personally I never trade with stop lose, and not encouraging anyone to follow me, I have my own strategy which works for the past 3 years, what I liked about your post and I agree 100% is the drawdown, I hate seeing my drawdown more than 20%, and one of my accounts I was happy with, its drawdown was below 2% for few months
So do you effectively use a stop loss based on draw down of your account rather than pips?
never use a stop loss but open a trade instead, I am using automated trading
There are stops and stops, loong stops, short stops, mental stops, some amazing automated trade mangers that use stops,
I used stops today below last weeks low, had to be a way a lot from screen, even for demo but decided so much risk is worth and coldly walked away, none stopped out the few hours it took me to realize it is not my day and closed all at once, kind of a stop also, I am bad with traditional set and dont move stops, mainly lock in profit with them, probably something I should Un-learn , automation helps some at least me.
I like what Hicham Nejjahi is doing, I need to do the 'always in' manually, newer had the guts to do it
May 11 2020 at 22:07
nikosk0 posted:
that's advice for people to loose so the few ones can win. a stop loss invalidates the idea, means you're wrong. on to the next one
i am currently short on NU, if this thing breaks out how much time will it take for it to come back to my entry?
https://prntscr.com/serhdh
I'll tell you
https://prntscr.com/serhno
a decade if i am lucky
What are you saying as I don't get you.
Market Direction
May 12 2020 at 06:11
TraderProHungary posted:nikosk0 posted:
that's advice for people to loose so the few ones can win. a stop loss invalidates the idea, means you're wrong. on to the next one
i am currently short on NU, if this thing breaks out how much time will it take for it to come back to my entry?
https://prntscr.com/serhdh
I'll tell you
https://prntscr.com/serhno
a decade if i am lucky
What are you saying as I don't get you.
i was saying that i had a 4hr timeframe short on nzdusd
if that thing would break up there is no way it would return to my entry in less than 10 years. (look at the monthly chart)
so the use of stop loss for me is essential.
everything is possible, put the effort and do it, dont let anyone discourage you
May 13 2020 at 16:24
You should not consider trading without stop loss. Stop loss is an essential and vital element of successful and healthy trading. I know some people that were arrogant enough to trade without stop loss and I saw regret and wanting to get back in time in their eyes. So please, be smart and use stop loss.
May 15 2020 at 16:06
7 benefits? There is just 1 benefit - you won't lose your whole capital! Or it's not enough for you? :)
May 16 2020 at 08:16
protrader69120 posted:
7 benefits? There is just 1 benefit - you won't lose your whole capital! Or it's not enough for you? :)
Those are the benefits from my 12 years of trading I singled out.
Market Direction
May 18 2020 at 08:30
protrader69120 posted:
7 benefits? There is just 1 benefit - you won't lose your whole capital! Or it's not enough for you? :)
I agree. That is one enough reason to use SL while trading
May 18 2020 at 12:17
You can still lose all your capital but it will take longer using SL. Trader need money management to better trade
