Trading With No Stops And No Targets

Scataphagos said:
Would never do that. (My IQ > 70.)

Would like to hear you explain your rationale for trading "without stops". Please... put it in words for all of us.
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Okay...

11,900 pips settled since the opening post (8 months ago)...in the 10K demo account

6,500 pips settled year to date in the 100K demo account

1,758 settled pips ytd in the live 1K micro account

This is my second year producing these numbers in the demo accounts and first year in the live account.

I have due diligence by trading for an entire year in paper before ever putting any money behind the trade model.

I was able to produce better than 100% annual return with this model.

Now I am doing it in a REAL 1K micro account. This is the perfect vehicle for a starting point imho.

Next move is to scale to the 10K account (approx. 1 year from now) and in six years I scale to a 100K standard account and will be a full blown pro at this shit!

Is there a better, quicker, easier way to becoming a professional trader?...I could not tell you, this is just how I am doing it.

thanks for the comment :)
 
sandp500trader said:
Things are different once real money is involved, so I was just make sure losing your account is acceptable before doing it with real money. Also, just because something worked, doesn't mean it will work.
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couldn't agree more my friend
 
wmitzlaff said:
Okay...

11,900 pips settled since the opening post (8 months ago)...in the 10K demo account

6,500 pips settled year to date in the 100K demo account

1,758 settled pips ytd in the live 1K micro account

This is my second year producing these numbers in the demo accounts and first year in the live account.

I have due diligence by trading for an entire year in paper before ever putting any money behind the trade model.

I was able to produce better than 100% annual return with this model.

Now I am doing it in a REAL 1K micro account. This is the perfect vehicle for a starting point imho.

Next move is to scale to the 10K account (approx. 1 year from now) and in six years I scale to a 100K standard account and will be a full blown pro at this shit!

Is there a better, quicker, easier way to becoming a professional trader?...I could not tell you, this is just how I am doing it.

thanks for the comment :)
More...

Will like to see your results when you are using real monies and emotions are involved. Already tried to warn you because you are trading against the trend when you ride losses down and hope it reverses. Nothing like real life experience will convince you! Trends in the forex markets also, lasts longer so, count me in the skeptical side.
 
wmitzlaff said:
11,791 pips in the mini account ...worth of suicide

6,540 pips in the standard account...year to date

check back in a few months and I will show you some more suicidal tendencies.

thanks for the reply...just having fun :)
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Fair enough my friend!
Let's just say trading without a Stop Loss would be suicide for "most" people then.
 
You would need to live outside the USA to open up an account with the leverage needed to sustain this trading strategy.

ES

wmitzlaff said:
Okay...

11,900 pips settled since the opening post (8 months ago)...in the 10K demo account

6,500 pips settled year to date in the 100K demo account

1,758 settled pips ytd in the live 1K micro account

This is my second year producing these numbers in the demo accounts and first year in the live account.

I have due diligence by trading for an entire year in paper before ever putting any money behind the trade model.

I was able to produce better than 100% annual return with this model.

Now I am doing it in a REAL 1K micro account. This is the perfect vehicle for a starting point imho.

Next move is to scale to the 10K account (approx. 1 year from now) and in six years I scale to a 100K standard account and will be a full blown pro at this shit!

Is there a better, quicker, easier way to becoming a professional trader?...I could not tell you, this is just how I am doing it.

thanks for the comment :)
More...
 
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