I'll tell you what was wrong in your text. "No hedger(in the kind of using same currency PAIR to hedge)" Figure it out since you're a genius doofas_trader.

Pro traders who do not use SL, What about Black Swans?

He did the simple basic beginner math on a spreadsheet while learning about the efficient market hypothesis.

Pro traders who do not use SL, What about Black Swans?

Precisely, hedging isnt the same as a SL/exit and it never was. It's diversification, MM/risk management, and part of trade management when you aren't wrong. But he's been hanging on to the strawman argument for years that opening two entirely ...

Pro traders who do not use SL, What about Black Swans?

Underneath all his nonsense is him just saying that holding an open buy and an open sell in the same currency is the exact same as closing an open buy but ties up capital and costs swap rates. To which anyone's response is "no shit and that's not ...

Pro traders who do not use SL, What about Black Swans?

You really are brainless.

Pro traders who do not use SL, What about Black Swans?

You're a pest. If you want to talk about the 5% that make it then stop saying "THIS is what I call hedging even though it isn't really hedging and everyone else is dumber now for having had to read my argument". I'd say far more than 5% of the ...

Pro traders who do not use SL, What about Black Swans?

Some day you'll understand what he means. I'm almost offended that he gave you one of the greatest pearls and you are trampling it into the mud like a swine. If you think you have knowledge, and experience, and good judgement... then where is your ...

Pro traders who do not use SL, What about Black Swans?

The sky is pink. You're just getting distracted by all the noise from the other electromagnetic spectrums. To receive you first have to give. What you give depends on what you already have and what you are willing to part with. Hedging is nothing ...

Pro traders who do not use SL, What about Black Swans?

What matters in the long term is that a sucker's born every day.

Pro traders who do not use SL, What about Black Swans?

Luck is also a loss through chance. I'm not disagreeing that gambling is related to luck. I'm disagreeing with his thesis on market structure.

Pro traders who do not use SL, What about Black Swans?

No. Gambling implies betting. Taking a risk. It has nothing to do with 'luck' or 'mostly luck'. You can count cards or get very good at rolling/bouncing dice and improve your odds but luck is always a significant factor whether or not you think it's ...

Pro traders who do not use SL, What about Black Swans?

Somewhat. Still sitting on my hands most of the time. How's your time away been?

Pro traders who do not use SL, What about Black Swans?

What's hypocritical about this?

Pro traders who do not use SL, What about Black Swans?

It can be. Depends which side of the fence you're on.

Pro traders who do not use SL, What about Black Swans?

The answer to this question is one of the more privately held secrets of trading. It's one that you'll eventually discover the answer to. Not here though.

Pro traders who do not use SL, What about Black Swans?

A simple explanation as to why someone would trade without a stoploss; they are stupid. If a country is on fire and you own that currency then it doesn't matter what your risk projections are and it doesn't matter now or in a month if you own that ...

Pro traders who do not use SL, What about Black Swans?

And yet... The market lives on.

Pro traders who do not use SL, What about Black Swans?

And how much do you normally risk on a trading day? The question will forever remain.

Pro traders who do not use SL, What about Black Swans?

The question remains... What's your risk?

Pro traders who do not use SL, What about Black Swans?

This is such a silly question. They survived by being scared as fuck of not surviving those black swans. That's how they became pro traders. The rest didn't make it. Your job isn't to figure out how they survived without a stoploss but rather to ...

Pro traders who do not use SL, What about Black Swans?