Stop hunter

this is what I was talking about in the previous post. It has been several months I am testing trading without stops (or at least place them far away to protect from very low probability events only). This time it paid off.

The trick with Elliottwave trading is that you often right about the big picture but have to continuously refine the count as the lower-level details reveal themselves. Trading with stops makes you get kicked out again and again which adds to the stress of being wrong with a count and adds up to emotional and financial suffering. This, in turn, makes you increase the stakes because you feel that you nailed the near term count and with a tight stop loss you can earn a fortune quick. This rarely ends well (though sometimes I managed to pull this trick).