Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

[destriero]

If you are positioned sized properly, it makes sense not to use stops. I am not saying never close a losing position-- but closing the position needs to be thought of in a dynamic fashion rather than a fixed price stop. Sure if u are over leveraged or trading too big for ur account size, unless hedged, what i am saying is not practical.

Remember, we are dealing with an oscillating system.

Oscillating system? wtf.

So what is the max risk you are willing to take on the CL shares?

 

[EPrado]

EP and also to DES , just focus on the trade EP quoted:

I'm out of my element talking about outright direction as you both know...but from my vantage point..it's entirely possible CL shares (sic) never see 33.xxx again foooorever , so not having a stop leave you with unlimited losses; how therefore can a person defend no stops..even averaging? It seems surf is just here to get us to post what an ass he is? Serious questions

Yes. His only purpose is on ET is to post what an ass he is. But once in a while his bullshit needs to be called out.

He has proven time and time again he has no idea what he is talking about.

 

[botpro]

Oscillating system? wtf.

So what is the max risk you are willing to take on the CL shares?

FYI: bets in this thread are off-topic.
Just start your own thread for making your idiotic bets.
Man, this is not a gamblers and addicts site, this is a traders site.

And: I doubt anybody takes you serious anymore for any bet with you since you are a cheater
as you refuse to pay what you owe surf you lost in your last bet.
You should first fix this damage to regain some reputation...

 

[EPrado]

If you are positioned sized properly, it makes sense not to use stops. I am not saying never close a losing position-- but closing the position needs to be thought of in a dynamic fashion rather than a fixed price stop. Sure if u are over leveraged or trading too big for ur account size, unless hedged, what i am saying is not practical.

Remember, we are dealing with an oscillating system.

If you are positioned sized properly, it makes sense not to use stops.


Wow Surf, this is a beaut. Again, you are a failed trader so I expect nothing less from you then the above. Keep up the good work.

Account size has NOTHING to do with it. Trading is all a numbers game. It's win % and more importantly, average winner vs average loser. In your case or the way you talk about trading one would need an average winner about 20 times the size of your average loser. The problem is you have so few winning trades these big losses would wipe out your account pretty quick.

Sure if you trade 1 lots in a big account and never take losses you might not blow out. But you will just continuously lose money. Most people are in trading to make money Surf. i know that might come as a shock to someone as clueless as yourself.

 

[marketsurfer]

http://tradingmarkets.com/recent/do_stops_hurt_your_trading_performance-677693.html

Here's a review on a test of 1.5 million actual trades that reached the same conclusion. And some of you will take anonymous internet posters word over quantatative studies?

 

[marketsurfer]

If you are positioned sized properly, it makes sense not to use stops.


Wow Surf, this is a beaut. Again, you are a failed trader so I expect nothing less from you then the above. Keep up the good work.

Account size has NOTHING to do with it. Trading is all a numbers game. It's win % and more importantly, average winner vs average loser. In your case or the way you talk about trading one would need an average winner about 20 times the size of your average loser. The problem is you have so few winning trades these big losses would wipe out your account pretty quick.

Sure if you trade 1 lots in a big account and never take losses you might not blow out. But you will just continuously lose money. Most people are in trading to make money Surf. i know that might come as a shock to someone as clueless as yourself.

Instead of attacking me, man. Why not wonder why test after test indicate stops degrade system performance?

Why is this??

 

[botpro]

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The page you are looking for no longer exists. Perhaps you can return back to the site's homepage and see if you can find what you are looking for. Or, you can try finding it by using the search form below.

Works here.

 

[marketsurfer]

Works here.

Same here, bro. But i need to thank the coach for plugging my old firm.

 

[jo0477]

Surf, still no mention of the max drawdown of each system. Just because outright performance is better doesn't necessarily translate into a more palatable equity curve for investors.

 

[El OchoCinco]

Same here, bro. But i need to thank the coach for plugging my old firm.

You posted it, not me.