He has changed now. From now on, he is going to make 200% account growth a week. I am very hopeful for him now that he gained my insights on stops.

Trading Without a StopLoss

I have pointed out numerous times previously that stops are but one of several equally valid options to deal with that situation. The argument has been that stops are the only option because the loss is predicted to run for many years, indefinitely, ...

Trading Without a StopLoss

It's wise to abandon a lost argument. I hope in the process you have learnt what a stoploss is, and why persistently engaging in a mathematically losing game is bad for you.

Trading Without a StopLoss

That's my point. It's a guarantee to sell lower than you bought. Just because you chose to sell at a different price doesn't make the stop less of a mathematical guarantee to buy high and sell low.

Trading Without a StopLoss

If buying 10 and stopping at 5 doesn't give you a guarantee to exit at 5 then the stop is worthless. In that case you have more reasons to not use stops. If your broker refuses to guarantee your stops, I suggest you find another broker.

Trading Without a StopLoss

There is no conspiracy. A stop is a mathematical guarantee to buy high, sell low. The banks don't get you. The math does.

Trading Without a StopLoss

And losers think everyone else is a loser. Since you have already stated you are not profitable, we know where you stand.

Trading Without a StopLoss

Then let me say it for you once again so that you can quote me a few posts down: Stops guarantee buying high and selling low. It's at the banks' discretion to decide when or if the guarantee is exercised. An exercised guarantee is not the same as an ...

Trading Without a StopLoss

I don't remember saying stops were guaranteed to fill. I do remember saying stops were guarantees given to banks to buy high and sell low to them. Given the advantageous nature of these guarantees, there is little or no reason for the banks to not ...

Trading Without a StopLoss

You should apply for a job at ff if you like merging threads that much. Posts from different threads are done according to different context. This thread is about stop losses and the resulting buying high and selling low.

Trading Without a StopLoss

No, what I actually said was: don't buy high sell low. Because this was what was guaranteed by stops. But what I said was irrelevant, since you were only here to argue about anything or nothing.

Trading Without a StopLoss

After trading $2 a pip for a year and you still have only $500 in account. Things just don't add up. What makes you think suddenly you are going to turn your $500 into 20k, because you had 4 winners on Friday ?

Trading Without a StopLoss

I said to the others as I say to you. You have no ability to make this prediction, especially that you have no idea what my capacity is.

Trading Without a StopLoss

Yes, I have. I concluded I like capacity better.

Trading Without a StopLoss

Yes I see. Trading short term gives you an advantage. Generally, I find, the price will drift towards the stops when there's no particular focus in the market. I imagine you would no longer be in the market when that happens because you would have ...

Trading Without a StopLoss

Care to share with us how to well position the stops ? I have in my time tried random stops. They were no more effective against the bank algo than any other kind of stops. The only way I can see stops working is to be persistent in replacing ...

Trading Without a StopLoss

That's due to your weak coding skills. The correct coding is thus: if noob_opening_trade thenAccept trade; if noob_closing_trade AND ( noob_buy_price > noob_sell_price ) thenAccept trade;ElseMove price against noob;

Trading Without a StopLoss

I think it's because you are not in my league.

Trading Without a StopLoss

The key ingredient in that is compartmentalization of risk. This is what allowed him to go big, paradoxically by going small. I think most strategies can benefit from this approach. Although I think this approach involves countless break-even stop ...

Trading Without a StopLoss

I have a better idea for you. Why not stop gambling and go find work ? While you are freshly out of work, it would be easier to find new work. Once you are out in the cold for 6 months, things are going to be difficult. To turn trading into a wage ...

Trading Without a StopLoss