Complete Traders

OK A QUESTION THAT KEEPS COMING BACK IS THE ONE ABOUT THE HOLY STOP LOSSES. USUALLY I DO NOT USE THEM AS I KEEP A LOW LEVERAGE OF 1:1 TO 1:5 ONLY RIGHT NOW WE HAVE 4 POSITIONS OUSTANDING SO THE LEVERAGE IS 1:4 I DO NOT MENTION AMOUNTS NEITHER:
IF YOU HAVE A 50K ACCOUNT "1" OR "1" UNIT MEANS 50K. A 1:4 LEVERAGE ON A 50K ACCOUNT MEANS A POSITIONS OF 200K MAX. I USED TO USE WORDS LIKE LOT, BUT THAT IMPLIED I WOULD HAVE HAD AN AT LEAST 100K ACCOUNT. E.G. BUY 5 LOTS=0.5 MIO. THAT LEAD SOMETIMES TO
REACTIONS OF JALEOUS AMD ENVIOUS PEOPLE. SO I CHANGED IT TO WHAT IT IS NOW.
USUALLY I TRADE WITH THE L/T TREND. IF I DO STOPS ARE OUT OF THE QUESTION. HOWEVER WHEN I DECIDE TO COUNTER TREND I DO USE STOPS. NOT ALWAYS I WOULD SET A FIXED LEVEL BUT RATHER LEAVE IT TO THE FINANCIAL POSIBILITIES OF THE FOLLOWERS. FOLLOWING MY THREAD INCLUDES SOME SELF THINKING TOO.