Edit Your Comment
7 Benefits of using stoplosses
Oct 08, 2020 at 09:18
Member Since Feb 07, 2020
40 posts
Stop-loss has certain advantages which I wish to add in this thread:
1. Cutting your losses: Stop loss helps you to cut your losses and ensures you against a big loss.
2. Automation: Stop loss helps to automate your selling and hence you do not need to be present all the time.
3. To maintain ‘Risk and Reward’: It’s really important to maintain risk and reward while trading.
4. Promotes discipline: It’s really important to detach yourself from market emotions.
These are my thoughts on the benefits of stop loss for a trader.
1. Cutting your losses: Stop loss helps you to cut your losses and ensures you against a big loss.
2. Automation: Stop loss helps to automate your selling and hence you do not need to be present all the time.
3. To maintain ‘Risk and Reward’: It’s really important to maintain risk and reward while trading.
4. Promotes discipline: It’s really important to detach yourself from market emotions.
These are my thoughts on the benefits of stop loss for a trader.
Member Since Jan 27, 2020
1 posts
Member Since Jul 23, 2020
696 posts
Oct 16, 2020 at 17:30
Member Since Jul 23, 2020
696 posts
ElliotCooke posted:
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.
Especially knowledge of support and resistance level is important. Always enter the market with SL. Most of the new trader fail to do that.
Member Since Oct 14, 2020
21 posts
Mar 04, 2022 at 06:53
Member Since Feb 16, 2022
65 posts
Avoiding using SL is all about foolishness of a trader because it bears a high degree of losses for them. A sl is usually set according to support and resistance level. Forex is a highly volatile and unpredictable market. So, a SL guards against any loss due to the sudden reverse jump of the market.
Member Since Aug 10, 2021
172 posts
Member Since Jul 20, 2020
385 posts
Mar 08, 2022 at 08:01
Member Since Jul 20, 2020
385 posts
A lot of good information i personally cant see one positive to not having a stop loss. Yes it gives the trade room to move but its too hard to define then. It also makes the losses so much bigger than the wins and thus only take a few bad trades to wipe out months of good work
Member Since Apr 09, 2019
516 posts
Mar 08, 2022 at 12:19
Member Since Apr 09, 2019
516 posts
I can't think why you would't trade with one to be honest. When I enter a mate I want as much protection for my capital as possible. Why on earth would I leave all my capital exposed easily?
If you can't spot the liquidity then you are the liquidity.
Mar 08, 2022 at 12:28
Member Since Mar 08, 2022
15 posts
ethan_65 posted:
Stop-loss has certain advantages which I wish to add in this thread:
1. Cutting your losses: Stop loss helps you to cut your losses and ensures you against a big loss.
2. Automation: Stop loss helps to automate your selling and hence you do not need to be present all the time.
3. To maintain ‘Risk and Reward’: It’s really important to maintain risk and reward while trading.
4. Promotes discipline: It’s really important to detach yourself from market emotions.
These are my thoughts on the benefits of stop loss for a trader.
Very well said.
Mar 09, 2022 at 12:54
Member Since Jul 27, 2021
15 posts
Yes, the use of stop losses provides a control risks. Trade planning comes down to the fact that you determine in advance the maximum of your allowable drawdown.
When it comes to emotions, it is very common for emotional traders to start changing stop loss parameters during trading, which leads to a loss of control.
If you are a good trader, then you always know your risks and the maximum allowable drawdown without stop losses. So, I believe that using them is optional and depends on the strategy.
When it comes to emotions, it is very common for emotional traders to start changing stop loss parameters during trading, which leads to a loss of control.
If you are a good trader, then you always know your risks and the maximum allowable drawdown without stop losses. So, I believe that using them is optional and depends on the strategy.
Mar 24, 2022 at 07:39
Member Since Mar 11, 2022
18 posts
Protecting your trading capital is the top most thing that all traders should do. And it is where stop losses help. They not only prevent big losses, but also strengthen your risk management game. It is always a safe option to use stop losses.
Mar 26, 2022 at 05:19
Member Since Feb 15, 2022
210 posts
Using stop loss has endless benefits but the major benefit is that it guards against losses. Sometimes you cannot stay home and by that time if the market moves roughly, it will cause you a great loss. And it is where stop loss works as a shield. So, make it your priority.
Member Since Mar 17, 2022
46 posts
Member Since Sep 03, 2021
9 posts
Member Since Aug 10, 2021
172 posts
Apr 04, 2022 at 04:48
Member Since Mar 11, 2022
22 posts
Stop Losses are really beneficial in profitable trading, because it provides protection against excessive losses, enables traders to ensure better control of their trading, can be used to monitor multiple deals, easy to implement, and allows newbies to decide on the amount of risk they can take.
Member Since Aug 05, 2021
394 posts
Apr 08, 2022 at 04:20
Member Since Feb 15, 2022
210 posts
We see there are a huge number of traders who avoid using stop losses. They do so because they don’t know the significance of using stop loss. They give it a sheer importance. Forex is a very unpredictable market where anything can happen anytime. So, using stop loss can protect a trader from balance crashes.

*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.