1. Trader With Stop Loss ( I never put stop loss) - Can you believe it?
Possible - to not put a Stop Loss (in the system) to avoid 'Stop Loss Runs...'
2. Dont average the losing position - But i average it. Can you believe it?
Again, Possible as long as one is adding to the position within the trend or at acceptable levels of retracement. '
3. Trade with trend ... But I dont see the trend - Can you believe it?
Sure... You have your own system which works, or has worked for you till now... It will not help me to prejudge you till I have read all you have to say....
Then, what is working in market? How to make the profit? Ya, I got the solution first. Later, I planned my trading.
Interesting... Looking forward to know.
In offline physical trading, If you bought the product for 100, Will you sell it for 95? will you sell in Loss?
Yes, depending on the way I see the trend....
The basic reason is money. Somone starts with 10000, 50000, 75000, 1 Lakh. One time investment only. Most of the indian traders are not able to invest money continously. So they trade with stop loss and fear. I say, It does not matter. You choose the product depending on the money in your account.
As a common example for commodity traders, Crude cracked from US$120 to about US$27 odd.... How would you manage this position?
Simply said, I am maintaining Professionalism in Trading by comparing every trade like physical commodity business. That is why i am able to exist in this market for the long periods.
Not taking a loss is being stubborn, not being professional... But do explain your view point for understanding....
Somebody may not agree with above points, Everyone has different trading plan. But, I share here what works in this market for me.
Yep, the point of not taking a loss is unheard of among future traders... But do share your story - seems different and interesting.