If you use stop losses then you are essentially gambling

NoahA said:
What was wrong with the strategy that you were already supposedly using to make you money?
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Hello NoahA,

There is nothing wrong with it at alll. But I want some more money man. more more more more more more money!!!

There is no rules in this trading business, you can trade 10 trading strategies if you like. whatever works for you man.
 
SimpleMeLike said:
Hello wxytrader,

You are genius buddy. THANK YOU FOR YOUR HELP today and telling us about this way of trading. I traded with no Stop Loss today, average into losing trades, and made money!! Pretty Easy. I will keep on doing it.

Nice idea @wxytrader

Thank you!!!
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Pretty sure you're being facetious but anyway this is not about adding to losers lol especially intraday. The idea is to improve on a position you are prepared to hold possibly months or a year or more...so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.
 
wxytrader said:
The idea is to improve on a position you are prepared to hold possibly months or a year or more...so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.
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Yet you aren't holding any positions at this time. Strange!!
 
wxytrader said:
Pretty sure you're being facetious but anyway this is not about adding to losers lol especially intraday. The idea is to improve on a position you are prepared to hold possibly months or a year or more...so again is why I use ETFs and indexes to avoid all the earnings and other risks involved with companies.
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Hello wxytrader,

I dollar cost SP 500 index in my 401K account when I get paid.

What is wrong with adding to losers intraday? I did it and it makes money. I do not want to add to losers for no months and years. I trade intraday daily. You can do it intraday here as well and make some money.
 
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