latestsunny:


Welcome to the world of "No stoploss". I'm one of the preacher of no stoploss on this forum sometimes ago, you can see how difficult it Is to explain to others. The first step toward "no stoploss" Is conquering FEAR. I have been trading without setting stoploss but PSYCHOLOGICAL STOP. That doesn't mean we don't lose but we have learnt to be more discipline in following our exit rule.

Once again, welcome maam

naijababe:

It's all in the mind darling, besides, not having a stop means you reduce your stake appropriately.

naijababe: BTW, one what platform is spread on gold 60 pips unless you are referring to digit brokers?

currentprice:

talk less may be some one like me will reason with you... there are senses on some of you post but your history will continue blinding the reader.

fxsly: gold just spoilt my market today.

now stalking oil for a possible buy.

natruetalk and wilscof is EU now ready for a long?

naijababe: Onlineresource, where are to back me up?

naijababe:
hahahahaha! Not using sl is not the same as not having a mental sl. I set an alert to have texts sent to my phone if certain levels are breached, that way I will manually close the market go against my analysis as opposed to having brokers chop my money. Also, not setting sl does wonders for MM as well in my experience at least.
One day at a time sweetheart, I was one of the most vocal critics of not using sl but I guess I am lucky in the sense that I always keep an open mind

onlineresource:

Aunty Mi, Am here...

Well even though i always tell people to always use stop loss... coming out to tell them not to use stop loss again is simply
telling them to go and just crash their account due to certain things they might not understand so i simply kept quiet with it

i didnt want to really tell anyone about this until after a few months of doing this before coming out to say it but because of
naijababe... i will have to drop my thought on this issue...

NOTE: i have never taken a trade without me using stoploss for over 2 years since i started trading online to tell you that am an avid user of
stops when trading...

well at first i frown at people who dont use stop loss AND STILL FROWN AT THEM but due to my personal trading experience with using stops especially in recent months whereby trades keeps hitting my stop and reversing at just at that point and also watching my account balance go down bit by bit...

trust me you might be saying that losing 2% is no big deal... then try seeing a 20-30% drawdown on your account then you will know that there is poo going on without you knowing...

Now from personal experience even before i decided to remove stops from my trade... that does not mean that i just take trades anyhow just because price is going up or down... i still take trades based on my strategy and analysis but because of my experience of what i know of what not using stop can do when it really goes against you... i simply reduced my usual lot size, still use my trading system and place my trades and have a mental stop of area i know that when broken then it means that the trade wont work out and simply close my trade... THATS ALL...

NOTE: I analyse more than 17 currencies/commodity every weekend as majority of my earnings is from fx that i use to take care of my small self...

now you ma ask, what has been the result...
this decision was taken around 1 and a half months ago and so far right now, i have been able to increase my profit by 30-35% bringing the capital back and also running on profit as am talking right now...

Do i have losing trades...?

Yes i do but rarely because i deal more in the higher timeframe, looking at the bigger picture to take my trade... then running down to the 4hr, 1hr to get my entry and simply let the trade run...

How long do i hold my trades...

i hold my trades for days, even up to 4 days before i close it mostly on profit...

How then do you trade with commodity knowing that the crazy movement can kill your account...
Well, majority of my trades has been on currencies on major accounts which makes most of the money for me and as for commodity
knowing the crazy, i simply slash my lot size by 3 (the fear of gold spike is the beginning of wisdom) ... and place my trades on it using an alert system on my laptop to tell me
if price has reached my mental stop that i have set thereby telling me to watch the trade closely and close it...

Now because of this... i had no choice than to reduce my lot size drastically because for this to work and also help grow my account, i have to be taking multiple trades... leave trades running on negatives, close the ones that are doing very well when they reach area of rejection thereby increasing my equity which is the main thing... while those that are on negative mostly still
go in my way... thereby making me more profit... thereby making me more happy than sad...

Now am not expecting you all to agree to this...
heck i dont even want you to apply the rule of no stop loss in you trading... cos when it goes against you especially when you dont know what you are doing... then you are in poo an you start saying that someone told you not to use stop loss...

To end it... I STILL USE STOP LOSS, BUT I DONT MANUALLY PUT IT ON MY SYSTEM... MY STOPS ARE ALL IN ALERT FORM...

Shevychen2:

You must think we are all jobless children that hide behind keyboards forming what they are not while looking for who to defraud. Why must it be only handles with very few posts that defend you? Oh we caught your female handle and you created a male one.

Keep deceiving yourself bro. Like I said its none of my business. I will only reply if you quote me again. You are a catfish. Simple.

onlineresource:
Well even though i always tell people to always use stop loss... coming out to tell them not to use stop loss again is simply
telling them to go and just crash their account due to certain things they might not understand so i simply kept quiet with it

currentprice:

also it will look like the thread is a playing/confusing land

unilever

honeric01: Alert...

If you are not a big boy, pls stick to using Sl if you want to survive this market.. make sure you have your physical Sl on every trade.

if you have the capital to weather any DD, then you can afford to use mental Sl..

Do not do follow follow o, naijababe and onlineresource account balance nobi the same with your balance o..

I no wan hear say na naijababe and onlineresource say make una no use physical stoploss o

Eod!

naijababe: grin grin grin grin grin grin grin grin grin Nucca wants to kill a babe o

honeric01:

Saving your asszz o.. you know we have some people who are good at blaming others for the decisions they took on their own

latestsunny:


Welcome to the world of "No stoploss". I'm one of the preacher of no stoploss on this forum sometimes ago, you can see how difficult it Is to explain to others. The first step toward "no stoploss" Is conquering FEAR. I have been trading without setting stoploss but PSYCHOLOGICAL STOP. That doesn't mean we don't lose but we have learnt to be more discipline in following our exit rule.

Once again, welcome maam




tell dem boss

ollybode: pls i hope u could be of help to me on pa sir, if u could help with ebook and any other stuff will be appreciative.thanks

naijababe:

Please go and try stand up comedy

tom29reloaded:
...the first winner goes home with 100$ after wasting much time/resources am not even sure of outcome...

mez:

I understand, bro. While not supporting or castigating any party, I'll like to ask if you own an android device? If you do, you'll need much less resources to trade.

If you're going to trade a demo account, why not trade one with the potential of winning a price?
The way I see it, mobile MT4 uses less data than web browsers on phone. I may be wrong.

It's not rocket science, I won $20 from liteforex last week and they credited my account today. I was also once on the 6th position in the contest but didn't follow it through to the end and eventually got knocked out of the contest.
I am a newbie with approximately 6 months of trading experience and I believe you'll perform better.

To finish with a story from the Bible (I know you like the Bible) remember Naaman and Elisha. Until he did the seemingly stupid task (bathing in the pond) he remained the way he was, a leper.
You're not Naaman, and I'm not suggesting you'll remain as you are. But if you're going to be online on your phone (assuming it's android), you can as well kill two birds with a stone.

I feel your pain bro, and I wish you the best.

fxsly: gold just spoilt my market today.

now stalking oil for a possible buy.

natruetalk and wilscof is EU now ready for a long?

willscolf: i suck wen it coms 2 teaching,perhaps i can work on dat.however go 2 google, dia r many sites u can read abt price action,focusing mainly on support nd resistance levels whch is d core of trading,u may wanna start frm forexschoolonline.com nd trust me u'll b glad u did ....viva 2 u dear.

naijababe: Infofirst, I want to sincerely thank you for your insightful posts on not using stop losses. I started doing the same a few weeks back and that gold move is just a testament that using sl is just another way to scam the small guy.

mez:

Google any of NickB, Chris Capre or Nial Fuller. If you have more time, check out also, Johnathon Fox and James16.
You'll have your head full of price action.

ollybode: thanks bro , I have visited the site and am in love with the stuff am reading there.thumb up