I think he was just joking around (sarcastic emoticon), not looking to stick my nose in here really, I know it's easy to misread intent on posts sometimes....I suspect if you look back you'll may intrerpret it differently
Now I'm convinced that you are a troll. Please look up the definition of hard stop before making any further comments. I'd be offended by your attack if you weren't making such a fool out of yourself.
Well, it can be done. I'd prefer not to share my brokerage with you, so I guess you'll have to do further research on your own. A simple stop will remedy most of your worries, so it doesn't really matter anyway.
There is no loss Lornz, don't feel sorry for me. I protect myself. The lot size I am trading (and capital I have available for this) while I am testing out brokers and has nothing to with capital I have available or my trading experience *in the market that I normally trade*
What exactly is my strategy, Lornz? Every single statement I made is 100% true. Please prove otherwise with fact or apologize for your ignorance and assault Lornz.
You may fancy yourself compassionate, but you present as arrogant and condescending. You initiated your correspondence with me with an assault on my character. How is your strategy? Guess how much weight I give your response...
I'm not the one that initiated attack on another unprovoked.
Now I understand why no "real" traders come to these boards. And if you lot are "real" traders, I'll see ya on the flip side.
I have the cognitive power to tell that he was not really calling me a thief. Suggesting I have the mind/operations of a thief in a public forum whether with a smiley face or not is still libelous and way of topic when I am sincerely trying to get to the bottom of something that I feel needs to be talked about.
I have been honestly, sincerely, REALLY looking for a broker that will help me limit my absolute downside risk (when I cannot) and I have not found much there. I suppose the frustration is apparent in my words, but if people see it as bitching and whining, then they need to hit the next button, or leave a constructive, reasonable comment, not a thinly veiled attack that is supposed to make them sound/feel superior.
I don't blame anyone for anything, I do take responsibility. That is precisely what I am doing. I am trying to assure that I will receive the least amount of drawdown in adverse conditions or times when I cannot manage the trade. Why is everybody reading my comments like some whining baby?
I just want the ability to pay a broker to cover my back at whatever point I want and in my research of the past few days, they are not crawling out of the woodwork...
You might want to take a look in the mirror, partner. Posters on this board usually have a friendly tone, but every once in a while we get guys like you. Maybe if you would refrain from attacking esteemed posters using vulgar language, I would be more inclined to treat you with respect.
A simple stop will solve your problems. You're creating problems that don't exist.
If you have your broker set your max loss to 60% of your account, there still has to be a market there. The broker will just initiate a market order when that amount is reached...
Alas, I'm just a pathetic poseur... Hopefully I'll become a "real" trader like you someday!