Spanish's Legacy Lives on

[ivantchourilov]

But that makes sense,

The markets move in a way to cause pain. lets take the example of buying at support in a range, the best moves up will not go as low as before and then not even stop for a breather making it hard to get in with a tight stop as theres no support in sight anymore. then theres the false breaks which catch out the break out players and stop out those that bought at support.

thats right. whipsaws, possibly partly created by program traders, kill a lot of great trades as a result of the stoploss

 

[ivantchourilov]

I do have a demo account long position on USD/CHF from early Feb 2008. At one point I was down 1372 pips. I am now 5 pips profit. Should I close?

by the way. i opened a demo account for stress release one day. lost 100k in about 30 minutes i went on a clicking frenzy. best stress release ever.

 

[shadowninja]

Haha. Yes, it is good fun. Like playing a FPS game vs a tour of duty in Iraq. You get the fun without the pain.

 

[arabianights]

Of course you can trade without stops. It's called investing .

P.s. Buy woolworths.

 

[shadowninja]

No, no. Buy Toad. Please?

 

[Vaco]

Of course you can trade without stops. It's called investing .

P.s. Buy woolworths.

as long as u dont use any margin

 

[ivantchourilov]

Haha. Yes, it is good fun. Like playing a FPS game vs a tour of duty in Iraq. You get the fun without the pain.

hahahahaa, lmao! thats hilarious. its so true though. i think i need a demo account right now actually. or gta... rampage time

 

[ivantchourilov]

Of course you can trade without stops. It's called investing .

P.s. Buy woolworths.

haha

-"an unlicensed boxing match? do you know something i dont franky?"

snatch

 

[Mr.J-Arthur]

Lol buying without stops IS investing! and a great way to get burned.

 

[ivantchourilov]

Lol buying without stops IS investing! and a great way to get burned.

investing and burned dont quite go together. investors are classified to be much longer term buyers and sellers. their returns do not match traders', however even if they lose 1/2 their net worth, thats not quite the same as living your life out on a loan.

 

[-- Darth Trader --]

Lol buying without stops IS investing! and a great way to get burned.

Now tell that to Warren Buffett.

 

[arabianights]

I still have woolworths shares