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7 Benefits of using stoplosses

Oct 07 2020 at 19:16
341 posts
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.

Oct 08 2020 at 09:18
41 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.

Oct 08 2020 at 09:58
1 posts
if use large lots size its more risk stop loss so not good to use stop los

Oct 16 2020 at 17:30
614 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.

Nov 09 2020 at 12:51
28 posts
Yes, that’s true. Stop loss is very important for any trader who wants to save himself from unnecessary losses.

Robert (Robert647373)
Nov 09 2020 at 13:37
93 posts
Stop Loss is an important tool to protect a trader's account. But there are traders who do not use it, and these are mostly beginners who will soon lose their account. Use a stop loss, pull it up behind the price and you will limit your losses and securely lock in your profit. But in any case, do not move the stop loss against the price. That is, the price goes against you, and you are trying to push the stop loss further away - this is definitely not worth doing, since there are certain price levels to which the price does not return for a very long period of time.

Nov 12 2020 at 06:43
25 posts
Stop loss is very useful and popular among traders. It prevents them from incurring any further losses and is quite helpful for some.

Nov 27 2020 at 05:11
59 posts
As a newbie, one must take every step carefully. One wrong step and you are gone. Stay calm and decide wisely.

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