Trading with a Stop Loss in the Futures Market is for Losers

Quote from fullautotrading:

Not sure about what is the question. What do you mean by having an association in a reference ?

[That is simply a discussion within a linkedin group, just like the discussions we make here on ET forums. I am clearly participating in the discussion ... ]

Tom
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tom,

the site you refer to requires me to reveal my password to my email.

it is a no no, sorry.

here is the attachment.
 

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Quote from Shirak:

Can't help but add on to this discussion.


IMO, in order to be a profitable trader, a person should be able to NOT USE STOPS.

But that statement itself is superficial and does not expand much. There is something deeper.

What I mean by this is that, a trader should be trading such a small size that he can withstand anywhere between 2X to 5X ATR of losses.

Of course, this must be coupled with a frame work of knowing when to exit positions.

This being said, I totally agree that either big accounts or small contracts i.e. mini-micro FX are required in order for people to trade profitability.

For me, my "soft" stops are often 2X ATR risking 3% of my capital. But >80% of the time, I'm out at 1%, that's the "real" stop. So everytime I trade, I'm relaxed as hell. The whole philosophy is, trade sizes where you need not be bothered about where your stop is, just a rough knowledge of where to get out is enough.

Logically, traders risking 5% per trade with stops can make it in the short run, but can you imagine continuously doing it all the time? After 20 trades, your psychological state goes awry and you start making mistakes and poof, there goes your account.

I do not profess profound knowledge and my opinions are merely opinions. I am merely sharing what I learnt over the years.
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very well stated.

listen up you guys/gals trying to perfect your strategies, here is another wisdom adapting a stop to fit your own requirements.

shirak, good stuff. thx much on behalf of everyone learning to perfect the strat.
 
Quote from nakachalet:

tom,

the site you refer to requires me to reveal my password to my email.

it is a no no, sorry.

here is the attachment.
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LOL!

That is linkedin. Are you aware what we are talking about ?

http://en.wikipedia.org/wiki/LinkedIn
http://www.linkedin.com/

Did you think i setup a site to steal your passwords ?

That's funny. I would have better things to do... ;-))

Tom

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3298783" />
 

Attachments

Quote from fullautotrading:

LOL!

That is linkedin. Are you aware what we are talking about ?

http://en.wikipedia.org/wiki/LinkedIn
http://www.linkedin.com/

Did you think i setup a site to steal your passwords ?

That's funny. I would have better things to do... ;-))

Tom
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tom,

come on, i meant no such thing.

i just want you to know that the site you directed me to require such and such and that is about it.

it never meant that you set it up. that site just requires those info which i am sure there are many others who do not mind.... ok?

there is no personal implication from me of any kind, ok?

come on, tom.... relax.... you are among traders.... at least this trader does not desire to find fault with anyone, alright. 'cause he has plenty of faults of his own already. LOL :p
 
Quote from nakachalet:

tom,

come on, i meant no such thing.

i just want you to know that the site you directed me to require such and such and that is about it.

it never meant that you set it up. that site just requires those info which i am sure there are many others who do not mind.... ok?

there is no personal implication from me of any kind, ok?

come on, tom.... relax.... you are among traders.... at least this trader does not desire to find fault with anyone, alright. 'cause he has plenty of faults of his own already. LOL :p
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haha! I am perfectly relaxed ;-)

I was a little surprised that someone could actually not know Linkedin.

This is the largest planetary professional network.

I do recommend you to get an account. It's a very good environment for professional life. I have found thousands or enriching connections over there. It's really a must!

If you dont believe me, ask other people opinion... ;-)

Tom
 
Quote from fullautotrading:

haha! I am perfectly relaxed ;-)

I was a little surprised that someone could actually not know Linkedin.

This is the largest planetary professional network.

I do recommend you to get an account. It's a very good environment for professional life. I have found thousands or enriching connections over there. It's really a must!

If you dont believe me, ask other people opinion... ;-)

Tom
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thx much tom

will attend to it after mkt closes.
 
... at this point i might assume you are missing as well my mythic autotrading project, now worldwide famous (free stuff)

google for "G-BOT Project Algorithmic Trading" when you have time.

Tom
 
Time to bump this thread. Don't forget small traders,

Placing stop loss is for losing!


I know u are losing. I know u are frustrated. The reason is, u dont have sufficient risk capital to play in the game.


More than 90% of small traders lose. They just lose!
 
Small (and large) traders: ignore emg, you must place a stop on every position you take.

It's vital to your long term survival.
 
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