Question for Grob/Hershey...
- Thread starter makosgu
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I DON'T USE STOPS EVER! I have built from scratch about half a dozen continuous trading scenarios. None use stops. There is a difference between a 1 tick + comm loss a trade and placing a 1 tick stop on a trade that you have just entered. Why do you persist? I don't get you, you boldly PM me and insist that I am looking from a premature vantage that's destined to blow out and meanwhile get stuck on seeing things from your own box as opposed to stepping outside of it... What gives?
One tick right away??? THERE"S NO STOP ON THAT ORDER!!!!! F#CK! I could pass you some knowledge on how to get out of the 1 tick trap you have built around you but you're undercapitalized judging from your PM.
Time to put my energy into the markets... BREAK!... Enough of this!
MAK!
what?? trading with stops is the only way to trade. and you know - there are old traders - and there are bold traders ...
maybe your problem is just that you are still so afraid of losses - and everytime someone talks about stops (they are so natural in trading like everything else) - you start freaking out.
but anyway - i'm really trying to grasp this. imagine - (and even if this is pure science fiction) - you enter a trade with a market order - and the market dares to go in the wrong direction - how big will be your biggest loss?
This is a binary solution (think on/off light switch) - Mak either knows what the market is going to do and is in the market with the correct orientation, or he doesn't know what it's going to do and is out of the market.
To me, it makes more sense to wait and watch to see whats going to come up than to guess and put a chunk of money as a cushion.
If I were you I would be asking how he knows where the market is going, instead of asking about stops.
Anthony
Quote from makosgu:
You didn't see the PM.
Energy into the charts...
Thru bar 5...
MAK!
Keep up the great work. I also recieved a couple PMs from G. Maybe you can reorient him toward channels and anticipation. This will get him away from the tick stop mentalility(lol).
ask any veteran trader who's been around for many many decades and he will tell you that you can NEVER KNOW where the market will go. it's a game about probabilities and experience - you enter a trade based on your strategy - nevertheless everything can happen all the time and therefore you use a stop loss (how wide it ever might be). what you posted here is far beyond any sort of common sense - sorry. but if you believe it works - try it out.
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