Stop Using Stop Losses

Quote from Wide Tailz:

Just like how Wal Mart is taking business from lesser retailers? Just like how German luxury cars keep taking sales from American brands? Is it wrong for Toyota to take business from GM's full size truck line?

We're in business and The Market pays us for adding efficiency through liquidity injections and withdraws at the right times. Is it wrong for you to fail and me to succeed?

What would happen if no one traded the markets? What would hedgers do? Or farmers? Startups?

Is it wrong for GM to put Toyota out of business with what was a handout from the government?

God forbid the little guy takes his own handout and takes money away from Maverick.
 
Quote from SimpleTrades:

No such thing as honorable trading. No matter how you swing it, you are still scheming money out of other people's pockets.

There are plenty of other non evil people in the industry making a living off traders. What is so glamorous about how business is done in any other walk of life? Same grit my man, same grit.
 
Quote from BobbiDigital:

There are plenty of other non evil people in the industry making a living off traders. WTF do you think is so glamorous about how business is done in any other walk of life? Same grit my man, same grit.

Indeed, we are all fighting to survive with the tools we have at a given moment. Even the guy on welfare. Yes, some are sociopathic jerk, but most are searching in every way they can to make their life better. So, who is Maverick to judge? Who are any of you to judge? We don't even know if the guy is on welfare. He has only exclamed rhetorically that he has no income. Yet there is Maverick on his high horse chastising this guy for using welfare money to finance his trading.

This is crazy behavior.
 
Quote from SimpleTrades:

Indeed, we are all fighting to survive with the tools we have at a given moment. Even the guy on welfare. Yes, some are sociopathic jerk, but most are searching in every way they can to make their life better. So, who is Maverick to judge? Who are any of you to judge? We don't even know if the guy is on welfare. He has only exclamed rhetorically that he has no income. Yet there is Maverick on his high horse chastising this guy for using welfare money to finance his trading.

This is crazy behavior.

He said he was ON food stamps. I don't care if people trade, this is not about trading. I've said this now 10 times. I have a problem with my tax dollars paying for his losses, that's it.
 
Quote from RCG Trader:

This tends to tweak Mav. He thinks he is doing something besides gambling.:)

I figured you would come out for the deadbeat on food stamps using tax payer money to blow out out his FX trading account. This is debate is NOT about whether trading is honorable. Who even brought that shit up?
 
Quote from Maverick74:

I have a problem with my tax dollars paying for his losses, that's it.

And the country's debt has doubled why? Come on man, make the connection between this and trading! You're smarter than this!
 
Oh, and let's connect together the whole idea of Stop losses , the original topic, with the every growing debt. We are in this position because we AREN'T cutting our losses!!
 
Quote from SimpleTrades:

And the country's debt has double why? Come on man, make the connection between this and trading! You're smarter than this!

You are not listening to me. I have a problem with any human being, any, that don't take personal responsibility for their life. Anyone. Do you understand? Why is this so fucking hard to get into your skull? I don't care how much blow this guy goes. I don't care if he fucks his sister. I just want him to take ownership of his life. That's it. I don't care if he trades or works the fast food counter at McDonald's.
 
Quote from Maverick74:

He said he was ON food stamps. I don't care if people trade, this is not about trading. I've said this now 10 times. I have a problem with my tax dollars paying for his losses, that's it.

Gentlemen can we take this debate to a new thread devoted to the subject? We got 2 pages plus now on the topic when the thread is supoosed to be about stops.
 
Quote from riffrafffpatrol:

Gentlemen can we take this debate to a new thread devoted to the subject? We got 2 pages plus now on the topic when the thread is supoosed to be about stops.
no, the thread was supposed to be about the point of no return

not sure if it will be DX
or GC
or CL
or ZN
or ES

but I got my first warning that the big move is coming
namely in an email from barcharts advocating trading without stops

my guess is everything will chop until the election

but I've been warned

the point of no return is a price never to be seen again for a long time
 
Back
Top