Quote:
|
Originally Posted by yukiko61
Wow, TRADE, sounds like you hold positions for a while.
|
yes, longest I have been in is 14 months, but I am building positions slowly, I allow myself to be wrong, I give myself a huge amount of room for error, I do not predict the exact turning points of the market, this is extreamly difficult over the long term and at best just another gamble and difficulty traders face in the market,
I try to turn every element of the market to my advantage and timing is one that nearly everyone gets wrong, the majority of the time.
I am not saying that what I am doing is the way to do things, in isolation, but utilised correctly, and under strick money management rules trading with no stops is viable, why wouldnt it be...??
ok there will always be a point where I am completely wrong, but I dont need to place a SL order with my broker to exit, I just exit and usually well within my risk, I am out before I lose all the capital I was willing to risk on the trade.