stop losses are for loooosers

Quote from sulong:

I like the boating analogy because competent boating and competent trading have a lot of the same skill sets.

Namely seaworthiness, navigation, and preparedness for emergencies.

One of the best ways of preparing for emergencies is having a maintenance schedule for both the vessel and the captain.
One of the unintended benefits of doing maintenance is anchoring a self reliance component to your character.
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I do think we're on the same page. Different styles don't really matter as long as you're happy with your own. I guess that's what makes a market.
 
Quote from primemover:

after much research and direct hands on experience, it is my contention that fixed stop losses set at a loss, before profits are achieved by the trade, makes no sense. i have found that, often, after being stopped out, the trade immediately goes profitable. given the volatile short term nature of, say, the ES--- fixed price stops actually cause more losses than would be experienced without stops.

the emphasis on tight losing stops appears to be a creation of the market machine that needs an incredible amount of cash to maintain its own infrastructure and gets this fuel one way by fixed price stops.
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Did somebody tell you that, or did you just make that up? If you are serious about that statement, I doubt you'll be around long.

It only takes one big loss and you're out for good. Did you figure that into your research?:confused:
 
Geez, I figured out that you better use stops back when I was trading my demo account. It seems to me that a better solution might be to use a wider stop, not abandon them altogether.

Don
 
For daytrading, yes I like to just watch and get out w/o a stop/loss already in plcae at time of order. But if you swing or longer, and don't have a stop loss in, you could get fubarred real quick.
 
That is crap!

Can you afford a long term 200 pip stop ?
Can you still trade when you have 3 x 200 stops triggered consecutively?

If you don't understand stops are good and work effectively intraday, rather than on long terms... man..... don't know what to say really !
 
Another long worthless thread started by the ever elusive Marketsurfer.

You would think after about a dozen of these types of threads in the last few months that guys would catch on. Surfer just starts these threads to get a rise out of everyone.

BTW, if Surfer is such a great trader, then why is he pirating PTJ video tapes and risking his ass for a few bucks?
 
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