If you use stop losses then you are essentially gambling

[deaddog]

How is adding to a position at cheaper prices a system? It's common sense lol
Maybe I'm forgetting how bad most traders are at TA...it would make sense why you don't understand it if you don't use EW...you are pretty much throwing darts in the dark. This isn't just adding shares willy nilly just because price drops ..it's a measured approach based on expectations supported by data

Nobody lies to themselves more than a trader underwater.

 

[maxinger]

If you use stop losses then you are essentially gambling

or

"Don't use stop losses! Then you are essentially investing.",
says @wxyztrader.

_____________

Look at NVDA. Stops not needed.
But look at AMC, Roku ....

 

[SunTrader]

..it's a measured approach based on expectations supported by data

Support us with some data of a trade or two. Which market symbol, when entered/exited. And in this case "size doesn't matter". Likely ego-inflated anyway.

Oh and while you're at it, let's see an example of your EW skills at work. I've yet to see a single screenpic of yours. Maybe I missed a post you can direct me to.

 

[wxytrader]

Support us with some data of a trade or two. Which market symbol, when entered/exited. And in this case "size doesn't matter". Likely ego-inflated anyway.

Oh and while you're at it, let's see an example of your EW skills at work. I've yet to see a single screenpic of yours. Maybe I missed a post you can direct me to.

I posted lots but it flies over all your heads, even D, so now I just simplify with C&H's. I have basically road mapped Bitcoin since summer.

 

[maxinger]

If you use stop losses then you are essentially gambling

OR

If you don't HODL then you are essentially gambling

 

[schizo]

it would make sense why you don't understand it if you don't use EW...you are pretty much throwing darts in the dark.

OMG this has got to be the best comment of the year (hint: for those with slow motor, this isn't a compliment).

 

[schizo]

I posted lots but it flies over all your heads, even D, so now I just simplify with C&H's. I have basically road mapped Bitcoin since summer.

Yeah, I thought so. Always a hindsight genius but never one in real time.

 

[wxytrader]

Nobody lies to themselves more than a trader underwater.

I'm not even in a position right now lol...well Dogecoin last time I checked was up $500...but again no stops.

 

[hilmy83]

You have entered a position that you want no part of at a certain price...versus entering a position at a price you happy to own it at, and manage from there whether hold, leg in more, or average down.

That is very eye opening

 

[SimpleMeLike]

I'm not even in a position right now lol...well Dogecoin last time I checked was up $500...but again no stops.

Hello wxytrader,

Thanks for the no stop strategy, I will try it out. Whatever it takes to get rich. I agree with you , no stop master.