If you review all your trades you will find plenty of examples where not having a stop would have resulted in a profit. Those trades are common and apparent. What is not common or apparent are those few trades you stopped early that would now be ...

Trading Without a StopLoss

I would be cautious about taking what some are saying here as sound advice. If you've been trading for some time and have some experience, you probably already know how trading without a stop loss can wipe out months worth of profit in a week. ...

Trading Without a StopLoss

Hello bluesteele. Nice to see you here. Hope all is well.

Trading Without a StopLoss

Exactly. If there was ever any question about whether he's a beginner or not, he just made it clear right there. It was obvious to me he is new to trading, but that should of been the clincher for anyone who had doubts.

Trading Without a StopLoss

I'm to blame I think. He seems to have it out for me. It began when I replied to one of his posts and said it was nonsense. Perhaps that was a bit harsh. Regardless, it was a poor post and I explained why. I think he got offended and has been raging ...

Trading Without a StopLoss

You definitely have the right mindset. I am in agreement with your approach. Risk pennies to gain dollars. Not the other way around.

Trading Without a StopLoss

That is what I believe we are all talking about. Stopping your loss before it becomes significant, not whether the stop is set as an order or closed out manually. That is just a preference.

Trading Without a StopLoss

Trends and Probabilities Joe. Study them.

Trading Without a StopLoss

Not sure you are comprehending it well since you are asking the same question over and over again. Please keep in mind the topic of discussion is trading with a stop loss vs trading without a stop loss (and their consequences), not how predictable ...

Trading Without a StopLoss

Joe, You are not comprehending what I am saying. Accuracy does not matter much. You could be correct 99% of the time (hypothetically) and still get your head beat in by 1 trade without a stop loss. If I were to take the opposite side of a trader ...

Trading Without a StopLoss

My suggestion is to learn how to trade with a stop loss. See my previous post as to the reasons why. The problem most people have is that their expectations are unrealistic. There are people on here that believe they can make 50% return every month. ...

Trading Without a StopLoss

No one can predict the market correctly 100% of the time. Predicting the market correctly even 70% of the time (within a reasonable time frame) is nearly impossible. Let's assume each and every trade you make has an equal risk to reward ratio of ...

Trading Without a StopLoss

This is another trap inexperienced traders fall into. The amount of swap/interest you receive is small in comparison to value per pip of movement. The amount of swap you receive obviously depends on the pair you are trading and broker, but it's ...

Trading Without a StopLoss

This way of thinking is wrong and your post is nonsense. The brokers don't want you to use a stop loss. It would take forever to lose your account by placing trades with a stop loss and a conservative max loss, such as 2% per trade. Without a stop ...

Trading Without a StopLoss

No stop loss = no stop to the loss Why would anyone want to keep losing money without putting a stop to it?

Trading Without a StopLoss

I always tend to think that trend direction has higher than 50% chance of continuation. Counter trend usually less than 50%.

AUD/USD

The markets are affected most by those with the largest positions and most money (obviously). These groups are not sitting around waiting for news to then act. They try and anticipate the news and position themselves ahead of time. Sometimes they ...

Is it another "good news is bad news" day?

*want

Cable Update (GBPUSD)

Is this a random dance?... image

Do you believe this market is random?