Trading With No Stops And No Targets

[Grantx]

I closed the account with $120 balance in June 2014 and went back to work laying brick.

I respect that.
The only way you will ever shut these killjoy defeatists up is to prove them wrong.
If your method works and you have the courage to implement it and are willing to accept the loss (my opinion is that you will lose with that strategy), then find the money, go live, and do it.
Until then just remember...Everyone has a plan until they get punched in the face.
Good luck!

 

[d08]

The title

" Trading with No stops and no targets"
is not complete.

Let me complete it.

Trade with No stops and no targets so as to achieve suicidal situation.

Do you know what a time based exit is?

 

[Grantx]

Troll Thread. Jesus how is it that I can see this and ET can't. LOL.

Because we are all blinded by the brilliance you radiate.
Just go with the flow sunshine.

 

[maxinger]

Do you know what a time based exit is?

totally no idea.
My trade plan and strategy are very simple.
So the less I know, the greater money I earn.

 

[fordewind]

and with no pants

 

[wmitzlaff]

Is the trading method in your OP what the professor taught you? If not, why aren't you day trading using the professor's methodology?

lol no...just a simple moving average strategy

 

[maxinger]

and with no pants

yes. there was a pix of this in internet

 

[sss12]

Thanks for sharing. Do you exit selling at market or use limit price?

Just today, I exited a trade using limit (mid of bid/ask) and was able to get out saving me some $. On the other hand another trade I tried to exit today did not go through because I could not get my limit price. So I still own it.

Someone once told me, so what if you ended up exit at bid? If you set a stop/target and it hits, get the hell out no matter what!

Which is better?

Regards,

On a SL I'll usually just put a limit at the bid and get out. It is a SL after all, it is not working, time to go. When taking profits I'll usually try for the Middle, the trade is working, momentum is on your side.

 

[ironchef]

Having options, never have stops based on the options because of what you said earlier as one can have strange wide spread to trigger stop, automation always based on underlying to when to exit options for targets/protective stops. Exits based on mid point and time, so long there, then little closer to bid/ask till filled, even if it gets worse and at bid/ask, tomorrow can gap and be much worse, never know.

Thank you.

 

[ironchef]

lol no...just a simple moving average strategy

Actually some experts here, and quite a few professional mutual/hedge funds use moving averages to trade. Read up on murray turtle's posts on this and his comments on IBD applying moving average for trading.

Regards,