It is unexpected to see such many replays from you guys, I really appreciate. Because the term " with or without stoploss, how average is reasonable" are as old as the age of our planet, LOL. And who question these is the most “newbie” trader in the world!!!
GRIX FX ,konan, i read a lot of your post, it’s your thoughts and it’s very useful.
For 1 year of trading, now i really don’t agree with men, whose account is 100, 1000 $ but they use leverage and each position is 0,1 or 1 standard lot. It’s absolutely crazy when they have only 100$, but use 10000$ = 0,1 lot to buy or sell, there’s something wrong, with 100$, i think 0,01 is reasonable, for example. It’s about leverage, the more leverage, the more you lose and the earlier you get out of the game, no other way more.
The second thing I want to share, it’s the HEDGE that Mr Konan reminded. A hedger buy a pair, when it goes with his direction, go higher, the tool, the “guess” is excellent, but when it goes against him, go lower, what would he do??? He sell and go with the BIG CURRENT of the market, and think his loss is minimized. But after all, loss is loss, and “buy” negatives “sell”, no profit is taken.
Well, I’m trading without “stop loss”, without “take profit”, with the minimum size of position as i said, one way that helps me survive with the storms on the market.
And hedging is used. BUT a big " out of the BOX" maybe only with me, is using not buy and sell against, or sell and buy against. When i buy, i will buy then, when i sell , i will sell then. With this, when my position goes with me, it’s very bad bad ( CRAZY) because the profit is small ( my size position is small). But when the price go against me, oh it’s wonderful, i take another position ( example if i went long, then i will go long again).Because the price always has potential to turn back with my first direction of this trade, if you have enough blood to survive, loss is when you cut your loss or your account is dried with blood.
Guys, I’m not good at psychology, and I’m a weak-mental. So this way helps me out of the fear when my position takes me loss, and when it goes right, it’s not fun because the gain is very small.
Some words, I will post my result through a month, every opinion is WELCOME.