Effects of not keeping a Stop Loss

beginner_av · #**111** 15th January 2008, 09:14 PM

hari, he has the same problem that original livermore had. hope he rectifies it before the twain's results merge.

hari09omkar · #**112** 16th January 2008, 06:58 PM

Quote:

Originally Posted by faltub

If stop got trigered......why don't u forget......if not for day.......atleast for 1 hour......?

And why so?

gvgs98 · #**113** 16th January 2008, 07:50 PM

Trading with no stop loss!
Hey don’t dream to fall asleep with no doors at all in your house!

Cheers
VG

Quote:

Originally Posted by kaskas

in volatile maerket like this time sl is always triggerd in volatile market deciding of sl level is too hard

hari09omkar · #**114** 16th January 2008, 08:06 PM

Quote:

Originally Posted by faltub

in that time u can find ..........where it is going....

And what if another trading signal(s) is (/are) triggered in this one hour?

sudoku1 · #**115** 16th January 2008, 08:41 PM

Quote:

Originally Posted by faltub

and what if it broken again.......?

have to accept.....it can go either way.

just a suggestion from a friend.....nothing else......

promises r made 2 b broken & stoplosses r made to b triggered....

hari09omkar · #**116** 16th January 2008, 08:48 PM

Quote:

Originally Posted by faltub

and what if it broken again.......?

Then we will be out of that trade again.No point in forgetting a scrip for one hour if a trade goes wrong.Intraday is just not like that dear.One has to accept the power of Market,and turn his trade from long to short as quickly his system identifies that Market is turning downside.This is not difficult,but hard to implement.Daytrading becomes difficult because people don't understand this force of Market,in buying or selling,and accept it and act in the direction of the 'winners'.Identify the winner of that time,and place ur trade with the winners.These winners can take turns from long to short or vice versa in every hour.So why not accepting that ur sustem has not identified the winners rightly or what they are going to do,or doing now,inspite of forgetting?

hari09omkar · #**117** 16th January 2008, 09:32 PM

Quote:

Originally Posted by faltub

on basis of ur stop trigered.......how can u say that market is turning.....?
it broken stop....... u created a trade in other direction and after 2-3 points.....if it turned again.....??

Who is saying that if a stop is hit,market is turning? Market makers can eat ur stop and continue to carry on in the earlier direction,but ur system should be smart enough to identify it.So the scenario here will be:u were long,stopped out;now recognise that market winners are not changing/turning,going strong as earlier,so enter long again,with a new stop.
One more thing.A stop should be based on a calculation,which signifies that if price reaches that level,the winners are changing themselves from previous positions.So that it just not remain a percentage stop.Market doesn't act with our percentage calculations,it has valid signs for changing sides,most of the time.

hari09omkar · #**118** 16th January 2008, 10:44 PM

Quote:

Originally Posted by faltub

What calcuations........?? supports.......? 5 minuts.....? 30 minuts.....? hourly.......? day's low...? previous day's low...? 3-5-7-14 days.....low.....? from the low market started bouncing back..........?

Friend,it takes many days (nights actually),may be years,to figure out those questions' answers.To earn a 5 figure profit everyday from markets by day trading,in days after days,not in just one trade,but consistent earning from markets,require a great deal of understanding of market movements.It is not that much simplistic like a 5 minute low or a week's low.Try hard.Read.Concentrate immensely.PRAY TO GOD.Then u also can understand that.Market will not remain a secret then.But it will take some time and practice and reading.And the intrinsic high quality real time data.

oilman5 · #**119** 17th January 2008, 12:31 AM

Who is saying that if a stop is hit,market is turning? Market makers can eat ur stop and continue to carry on in the earlier direction,but ur system should be smart enough to identify it.So the scenario here will be:u were long,stopped out;now recognise that market winners are not changing/turning,going strong as earlier,so enter long again,with a new stop.
One more thing.A stop should be based on a calculation........
One has to accept the power of Market,and turn his trade from long to short as quickly his system identifies that Market is turning downside.This is not difficult,but hard to implement.Daytrading becomes difficult because people don't understand ........
act in the direction of the 'winners'.Identify the winner of that time,and place ur trade with the winners.These winners can take turns from long to short or vice versa in every hour.So why not accepting that ur sustem has not identified the winners ?
............
a gem from hari09omkar[bhalo gyan]
with regards

hari09omkar · #**120** 17th January 2008, 12:54 AM

oilman.....can we have ur few sentences of experiences of psychic changes when ur stop is hit and market continues in the earlier direction? I mean from ur years of market trading,how difficult it is for a swing trader's perspective (I know u r not a day trader),to tackle a loss of 50k or 40k and then see it reaching ur targets after that,psychologically?

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