Just be aware of the tail-risks! Don't fall into the trap of hoping that price will come back or adding to losing positions without a fixed plan and I think you're on your way to making millions. That said, those are what usually kill traders ...

Trading Without a StopLoss

Don't disagree. Your exit strategy is basically to go long and short on the same pair. Perfectly sensible if you ask me. I think no one on this thread actually questions the virtue of cutting down losses in whatever way possible - it is just that ...

Trading Without a StopLoss

But if you're so profitable, why would you be trading your demo actively when you could be taking the same trades on live...? Well, I wouldn't be questioning this if you weren't so openly bragging about it and belittling others..

Trading Without a StopLoss

Agree. If you are indeed buying low in an uptrend and selling high in a downtrend, that is if you got a good read on the market, then exiting at a small profit or BE should not be an issue. Losses shouldn't be entertained. But back to the idea that ...

Trading Without a StopLoss

On a demo account.

Trading Without a StopLoss

I remember reading a thread from you challenging someone to give you a profitable entry. So I guess you have found that haha.

Trading Without a StopLoss

Point taken, but it's the same as closing and then buying again later?

Trading Without a StopLoss

You remind me of another BeginnerJoe on another Forex forum. I wonder if you are the same guy.

Trading Without a StopLoss

Why have open trades in opposite directions on the same pair? Just close the damn trade if you are convinced it is reversing and stop feeding your broker additional commissions lol.

Trading Without a StopLoss

The S&P chart is befuddling. Two scenarios seem probable at the moment. Either we begin a huge bear market from here or we will start a REAL bull run to above 2500 levels. But you know what they say about crazy fifth waves. If we do get there in a ...

Geppy's Geppy Thread (GBP/JPY)

LOL. ok i admire your bravery. may want to check the charts if I am not wrong week of 18th October, price closed the gap and reversed LOL.

Cable Update (GBPUSD)

haha OK - good for you! Honestly, if there's anything as close to a holy grail in the markets, in my opinion is EW theory. I think in terms of big picture, it points you to the large opportunities. But the real useful part is in giving you entries ...

Trading Without a StopLoss

My view is, ANYTHING/JPY is going to the moon soon. Just buy. even EURJPY.

Geppy's Geppy Thread (GBP/JPY)

Implicit in what I said is, the sell trade you are holding right now in EUR/USD might turn into 70k profit 10 years later. LOL

Trading Without a StopLoss

Here are two timeless quotes from jesse livermore. ~Being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul. ~Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may ...

Trading Without a StopLoss

Yes. it is important to draw that line. FYI I trade without a stop-loss, and I struggle with drawing that line sometimes but the better I do it, the more profitable I am. It comes with practice. Honestly I find it funny how the Scalpeur guy is ...

Trading Without a StopLoss

Holy grail maybe? Maybe they are not 100% right, but when they are wrong, they can get out at a VERY small loss or at break even consistently, whereas the upside is UNLIMITED. Put it another way, why set a stop loss and lose that X number ...

Trading Without a StopLoss

theoretically, since margin call limits your downside, there is no reason why you cannot trade aggressively without a stop-loss because the upside is UNLIMITED. but most traders fail because they equate no stop-loss = NO EXIT and they hold every ...

Trading Without a StopLoss

I can honestly imagine, highly aggressive scalpers taking $200 accounts to $2000 quickly without any stop-loss, withdrawing and repeating. At worse, he loses margin call, at best if he has a good win rate, he can easily repeat this. More than one ...

Trading Without a StopLoss

think about it this way. No stop-loss doesn't = no exit. Perhaps your exit strategy is to scale into bad trades at fixed interval maybe twice, and then try to close out all the trades at break-even? Highly possible? Or perhaps you just close out ...

Trading Without a StopLoss