if you hedge the exact same amount if your position is in loss (i also use hedging to lock the profit if there is a retracement to benefit from it) then, yes it works like a stop loss since you are cutting the loss. they are similar options not the ...

Pro traders who do not use SL, What about Black Swans?

i really do not want to get involved with you too much for obvious reasons but you need to know this: the reason hedging limits your losses does not mean necessarily that it is the same thing as SL. You use SL to liquidate your losing position and ...

Pro traders who do not use SL, What about Black Swans?

calling someone stupid does not make one intelligent. it only shows the level of your tolerance and open mindedness.

Pro traders who do not use SL, What about Black Swans?

hedging is a different strategy used for various purposes and it is not a stop loss.

Pro traders who do not use SL, What about Black Swans?

the concept of "risk" alone is not a measure. indeed, some businesses do have weak to strong characteristics of gambling.

I plan to quit forex!

i understand. since markets mostly deal with uncertain conditions, trading also can be considered as a type of gambling. traders do not want to be associated with gamblers, therefore most of them fiercely reject this simple and unwanted truth.

Pro traders who do not use SL, What about Black Swans?

gambling is taking risk. risk is exposure to loss in order to make gain under uncertain or unpredictable conditions relying on a chance. luck is a gain through chance. therefore, risk relies on a chance or luck, hence gambling is also related to ...

Pro traders who do not use SL, What about Black Swans?

fine

EURUSD

yes, markets usually have positive reaction to Republican victory. Dems will take the House but probably lose the Senate again because the most seats up for election in Senate are Democrat seats. To win the Senate, Dems need to preserve all their 26 ...

EURUSD

it's midterm elections but it still will effect the markets. the question is how strong the volatility going to be.

EURUSD

you are a good trader, PA1. I know you play aggressive sometimes but you know what you are doing.

I plan to quit forex!

statistically, most traders also lose money. anything that involves risk can be considered a type of gambling.

I plan to quit forex!

There are high risk, high leverage accounts and there are low risk, conservative accounts. First requires just a small amount of money. With compounding and high leverage, the capital can be grown exponentially. After some level reached, you secure ...

Minimum Balance to Trade Full time?

considering the swap, i do not think many bulls will hold their longs for the weekend. i added shorts about the same time as you around the same level, i will hold until close and see what will happen.

EURUSD only

past couple of days have been incredible. what a week. phew! weekly close below 1.1396 will give more confidence to bear to push to 1.1170

EURUSD only

trading without SL has nothing to do with the account size. The size of the position is. There are many traders with more than $100k do not use SL. i do not think this thread is about advocating or condemning trading without SL. The OP has asked the ...

Pro traders who do not use SL, What about Black Swans?

could be little early to add; i have 1.1360

EURUSD only

after 26 hours - recovery from losses and on track again.

The Wanderings of Tashkent

sorry, we are not done yet, pushing for 1.1170

EURUSD only

higher tfs look promising. 114.5 is doable, we may see it next week perhaps. i am trying to buy on retracements.

USD/JPY Discussion