No, to start with the stop loss was killing me, up to 125 trades, no stop loss, all trades have made money. Also I only short sell. I have found it takes longer on average for the market to go up, and faster for it to go down.
What do you trade? Just a friendly reminder, you need SLs...
No, to start with the stop loss was killing me, up to 125 trades, no stop loss, all trades have made money. Also I only short sell. I have found it takes longer on average for the market to go up, and faster for it to go down.
Aye, works like charm doesn't it, except on the one occasion that it doesn't - and sure as eggs are eggs, one will arrive and you only need the one. Where's your "cry uncle" point then? 25% of your account? 50%? 100%? or more?
Hi wardtom084,well this thread was posting how many you have in a row, move me up to 220 in a row
Hi wardtom084,
As barjon pointed out - sooner or later you'll take a big hit - one which is likely to erase all of the gains made on the 220 winners and may even wipe out your whole account. When that happens - which it will do sooner or later - will you change your approach and use a stop loss, or do you actually believe that it can't happen to you?
Tim.
one spike in the market will take out a stop loss which will be hard to get back.
What if you were long the Dow a few weeks ago? You just hold it until it comes back?
well this thread was posting how many you have in a row, move me up to 220 in a row
You may stop them if you want, put me up to 303