So when you say prediction you actually mean you are always right...? lol. now you are talking nonsense. (oh wait...)

Trading Without a StopLoss

But if you weigh that prices are more likely to go to 1 than go back to 10, shouldn't you sell at 5 since it's higher than 1? (in other words, like you said, profit potential is no longer there)

Trading Without a StopLoss

Ok cheers. I would agree with that. If no one used stops orders, market will go crazy as intra-day you will see spikes everywhere because banks have trouble sourcing for liquidity to start a large move (fill a large order).

Trading Without a StopLoss

I am just playing the devil's advocate here. In fact I trade with very large stops (extreme risk stops) or no stops (does not equal NO EXIT strategy) and just manually exit my trades. But I can easily see someone setting stops because he cannot be ...

Trading Without a StopLoss

Ok, let's say you buy at 10, and price drops to 5. So at P = 5, I can say 5 is high and 1 is low right? Shouldn't I be selling high here (i.e. closing my position AKA exiting the market with a stop loss)??? Or should buy again because P = 5 is LOW ...

Trading Without a StopLoss

Ok, but at what point do you say your 'prediction/hypothesis' is wrong? and if it is indeed wrong, then why not exit the market? and if you were going to exit the market when that point is reached, what's wrong with a trader setting a stop to do ...

Trading Without a StopLoss

Ok please define high and low for me.

Trading Without a StopLoss

Actually no I'm not trying to help him. I actually believe he can think for himself and knows what he is doing, but I feel that it's unjustified to criticise people who use SLs (and to encourage everyone to trade without stops) because there can be ...

Trading Without a StopLoss

If you can PREDICT the market *WOW we have a fortune teller here* then why are you even here posting on FFactory? Shouldn't you be counting your billions somewhere on an island.

Trading Without a StopLoss

You know what is a even greater loser system? A system that guarantees to sell at LOWEST and buy at HIGHEST when the trader gets margin-called because he refused to take those losses when they were small.

Trading Without a StopLoss

No one is blind to that fact, it's just that each trader defines his or her own parameters for each trade. Taking the loss at 5 can be better for overall profitability as I have just shown if you react accordingly to market conditions. Well if you ...

Trading Without a StopLoss

sounds good to me.

Why Simple is better in trading and Complex is not

So we are back to the conclusion: it depends on your system rules. Just because a system uses stoplosses, doesn't automatically make it a losing system or the trader a gambler. So long as you are making money, why bother arguing over this. Cheers. ...

Trading Without a StopLoss

Provided your intuition gives you an exit strategy as well.

Food for Trading Thought

The irony in that is, to arrive at "You just act upon your rule=you just see/accept the result (success or fail)." you first need to go through understanding how everything works or at least develop a frame of reference that you are comfortable ...

Why Simple is better in trading and Complex is not

Hey TEB, I saw your other thread and would just like to ask, what are the factors you take into consideration when selecting strong/weak currencies? sorry if this has been asked before.

Why Simple is better in trading and Complex is not

I don't think he is doing that. If he is he wouldn't have the cheek to call others gamblers when it's clear he is the one that's gambling. Let's wait to see what he retorts with (if he does come back)... or maybe now he is scrambling for the Stoch ...

Trading Without a StopLoss

It makes sense if you can either reduce your loss or get a profit... Here's another example in case you retort that this only works on LOWER TIME FRAMES. I am showing you all the systems/strategy that I trade. oh and in case you think this is a ...

Trading Without a StopLoss

But I have just demonstrated (by reasoning) how low can become high within minutes, buying at 10 and stopping at 5 can make perfect sense if market conditions changes. Here's an example that I trade.

Trading Without a StopLoss