That is being disingenuous, to yourself, and to everyone else out there in the world.
Why don't you need money?
What's the most counter-intuitive thing you learned in trading?
- Thread starter pinetboltz
- Start date
That is being disingenuous, to yourself, and to everyone else out there in the world.
Why don't you need money?
If that is the case you should immediately stop trading till you find a profitable system to trade. Because it is the ultimate proof that your system sucks. Problem is that those who are in this situation don't even realize that. Till they catch the mother of all losses. And even then it is not sure they will understand. They will probably blame it on the market that is after them.
If Marketsurfer likes your post you should start to worry. For him stops are also counterproductive, that's why he blew up a fund. Stops were not used as they were counter productive. And he meet the mother of all losses as a result.
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Maybe there is a misinterpretation on the word 'stop'
I exit and its not even what i would really call a mental stop.
The exit i use is a decision made at the time when weighing up the pros and cons of the last move.
Is that a stop?
I dont know when it will happen and i dont know what level until it happens.
PS: As a result, my system cant be backtested, but it is profitable.
That a low win rate good risk/reward method guarantees MAKING A LIVING at trading.
If you get out of a losing position it is a stop. Calling it a take profit would be hilarious. And as there are only two possibilities: a stop or a take profit.
If you have rules it can be backtested. Or do you get out without following rules???
CORRECT