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The absurdity of working without stops is that the strategy can be flawed. And while you sit or hedge swaps slowly but surely destroy the deposit. If it is not kari trade, the money is locked up and does not work, and if you sit for a long time, the broker and the money can give in for a long time.
But even with these locks, the deposit can grow steadily, without affecting the growth of the deposit
It is desirable of course on the gold to work with drawdowns up to 50%, but I admit the entire existence of the account, which trades exclusively in the gold, the maximum drawdown was 64%, so that entries are not always accurate, sometimes wave analysis makes sweat)) So far in one year and three months on this account 238% growth
I don't really care who and how they trade, someone who has a well-established strategy, he does not need to constantly sit at the monitor, do the analysis, set the deals and go away.
On gold swaps are penny stocks, yes it can be wrong if it is a couple of months old and not years old...
But even with these locks, the deposit can increase steadily without affecting the deposit growth
Commendable, I also do not use SL on gold. When using the strategy without SL on Euro/Dollar, I ran into a problem on a cent account with an open position limit of 100 in one and 200 in the other DC. Having accumulated 100 and 200 positions in each account I unintentionally found myself out of the market for a long time. Although, all of them closed with profit. How do you handle situations like this when the market decidedly went in the wrong direction?
And how long to sit on gold if you bought at 1700 5 years ago?
To begin with, not only do I not place stop-losses, I also do not have a single closed losing position, so there are two possibilities, either the trade goes straight to profit and I move it to breakeven, and there, I know approximately where it will reach (thanks to Elliott Waves), or I sit too long, but this does not mean that I stop trading, I continue to trade further
)) are you a girl? Usually the weaker sex is intuitive. We should be friends with you hehe)))
Then, let me ask you another question. What is the maximum number of open positions you've had in practice without stops?